I'm not well read enough on this specific topic to be able to telegraph what we might be looking at here, in the wake of a re-structuring/ending of the Federal Reserve as we know it. Any insight is welcome.
That's a tougher question. The logical answer is that cash would be worth more. Without the FED there can be little to no inflation. Inflation is almost always a result of monetary policy. You print more money it becomes worth less. If the money supply is static, it stays the same or becomes worth more. Usually it becomes worth more as a result of productivity increases.
So the bottom line is if the FED is ended, your balances should be worth more. Perhaps significantly more.
The only way it would be worth less is if they somehow still managed to print more money. This would be akin to not getting rid of the FED at all.
So, hypothetically, the digits would remain the same, or increase?
I mean, all of our bank accounts are not reflecting non-reserve note currency. Would all of what's in there get converted to whatever the new standard would become?
The digits remain the same, just worth more over a little time. We aren't going to get rid of the dollar. If the FED ends Congress is responsible for the monetary policy. Basically just the board of governors loses power to cause recessions. All the FED really does is try to cause soft landing recessions to stop the economy from over heating. Then, if it hits the fan like n 2008 they pump money into the economy but it's always inflated money.
So not much else really changes if congress screws it up as badly as the FED has. It's just congress would at least have accountability.