And some would say that abandoning the progressive era’s Federal Reserve system in favor of the monetary system spelled out in the constitution would be dangerous. I mean sure, the Fed has robbed us of 98% of the dollars value since it was created, BUT we get protection from depressions and a boom and bust cycle.....Oh, wait. /sThe creation ofthe Federal Reserve in 1917 was heralded as "the end of the business cycle". Didn't take long for the Great Depression to disabuse us of that notion.