Shannon Bray is a libertarian candidate for Governor in North Carolina. He is a strong supporter of abolishing the Federal Reserve.
The Federal Reserve is a private central bank that was created in 1913. It is not part of the United States government, and it is not accountable to the people. The Federal Reserve has the power to print money, set interest rates, and regulate the banking system.
Bray believes that the Federal Reserve is a threat to individual liberty and economic freedom. He argues that the Federal Reserve's policies have led to inflation, economic instability, and a concentration of wealth in the hands of a few.
Bray has proposed a number of reforms to the Federal Reserve, including:
- Making the Federal Reserve a public institution that is accountable to the people.
- Ending the Federal Reserve's monopoly on the printing of money.
- Giving Congress the power to set interest rates.
- Repealing the Glass-Steagall Act, which was repealed in 1999 and allowed commercial banks to merge with investment banks.
Bray's proposals have been met with mixed reactions. Some people support his ideas, while others believe that they are too radical. It remains to be seen whether Bray will be able to achieve his goal of abolishing the Federal Reserve.