Economics Professor and monetary expert Randall Wray told me thatwe should end the regional Federal Reserve banks, as they have such terrible conflicts of interest, strip out all regulatory power from the Fed (since it doesn’t believe ine regulation, anyway), and implement monetary policy with a very small staff. He is not opposed to moving operations over to Treasury and/or the FDIC.
Washington's Blog, Economists: End Or Drastically Downsize the Fed
I've commented numerous times on MMT at Washington's Blog in the past to no avail, so I gave up.
The typical fare there about monetary economics is from neoliberal or Austrian economists and Steven Keen, all about how the national debt is bankrupting the country. But apparently the editor has finally gotten around to Randy, although the general thrust of the blog is still that the big problem in the US is the Fed and the national debt. Hopefully, the editors of the blog will pay some attention to the MMT message and stop spreading nonsense about monetary economics.