The calls for the Fed Reserve did not originate with the rich elites but with the Populists and Progressives thirty years BEFORE the meeting at Jeckyl Island. It was not a conspiracy against the common man so stop spreading that crap.
Taxpayers benefit from the Fed since ALL its profits are turned over to the US Treasury. Plus it has an incentive to prevent inflation since doing so protects even the bankers. So even if it were a bankers plot it would not act against the value of the dollar.
Some "services" cannot be properly charged to individual users but benefit all. If my neighbor had to pay for the firemen to put out his house and he couldn't do so do you really believe my house should burn down as a result?
Have you ever taken an economics course?
That is one of the problems with the way the fed is set up, they have no incentives to make a profit. The Fed takes in trillions of dollars and usually shows a profit of maybe $20 Billion or so, which is pocket change for them. The federal reserve really has an unlimited expense account with no incentive to keep their spending in check.
Have you, and which Keynsian statist was it?
Yup, Dr Dave Denslow, UofF 1979 - he taught us the Laffer curve - and I then voted for Reagan.
Everything you say is in conflict with Reagan/Hayek/Rothbard
Just how young and green are you know-it-all?