But I am well educated in Finance, and the level of understanding of Fed and the banking system on FR is very worrisome at times.
The Fed probably should be audited and I don’t think their hands are 100% clean, but basically I have to say you’re correct.
Getting rid of the Fed won’t be some magical solution, nor would ridiculous ideas like banning fractional reserve banking.
Too many people are willing to throw the baby out with the bathwater in these situations.