That answer isn't sufficient. Monetary policy will be decided by someone. Who do you suggest once the Feds are shut down.
**I think you mean Thomas Sowell.
For instance, Sowell wants no government intrusion, wants the return of the gold standard and simply allow the open market to dictate how things sort out. I will say I was very disappointed to read much of Sowells thoughts on this. He approaches it superficially and is often wrong by omission of key data.
Since this isnt a Ukraine issue, i will respond in the political thread.
This sounds alot like the socialism argument of "but they havent tried REAL socialism".
The fed is the single biggest grifting entity in the history of the planet. They take our money and loan it back to us. Then they tinker with rates to "slow inflation". Their version of "slowing inflation" is based upon making it too expensive for people to buy things, causing them to slow spending.
Think about the audacity of individuals spending their money as they wish. The bane of the fed
The real answer to the problem of inflation as always is stop diluting the money supply by cranking out dollars. But noone can do that because it means government has to control its spending, which they certainly wont do.
Getting rid of the fed ends that hidden taxation of inflation and forces government to operate correctly by spending the money it has or raising taxes; the latter of which draws the ire of the voting populous thereby naturally keeping spending in check.