My FRiend, you need to read the books I listed.
Seriously.
The FED is not your friend.
They are the enemy. The sooner you read those books, the sooner you will understand this, and the sooner you can work to take your country back from the collectivists.
Incidentally, you argued nothing that I did not argue five years ago.
Most of the arguments against the Fed are both familiar to me and unconvincing. Reserve banking arose here because of market failures over a large country and will never go away. Modern capitalism is too closely linked to it.
Hamilton’s bank and the Second Bank of the United States, which performed some of the same functions as the Fed, played very important and productive rolls in the development of the United States.
It became obvious to even anti-bank forces (Jeffersonians principally) that letting the first bank lapse was a serious mistake and it took an even more fanatical Democrat, Andrew Jackson, to destroy the Second. A decade long depression ensued ending only with the Mexican War and California Gold Rush.