[jd777]

The federal reserve, while presiding over a time of great growth in america's economy, by it's very functioning has created a 6.4 trillion dollar public debt. The "Fed" is unconstitutional (under artice 1 section8). We need a National Bank, owned by the U.S. Government, under congressional supervision, and entirely transparent to the U.S. taxpayer. And yes, you were right, the First U.S. Bank was a private central bank. What good would it do to bring back another version of the Federal Reserve?

[justshutupandtakeit]

The Bank of the United States was not a private bank but a private/public bank neither it nor the Fed was/is unconstitutional. Read Hamilton's essay on the Contitutionality of the National Bank to understand why.

Nor can it be said that the Fed is truly private. It's officers are appointed by Congress and its profits go to the Treasury. So it is in no way private.

We had national debt before the Fed and Hamilton again explains why.