What you are proposing is essentially what happens in the book “Snowcrash” by Neal Stephenson. What happens there is that without the Fed, corporations have even more free reign over states and burbs. At least in washington they still have to lobby, and if a President (like our current president) has it as a priority to severely limit the influence of SIGs on the way things run in the government, then you have a much more manageable situation.
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