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Sources of my knowledge? Several years of graduate studies leading to a Ph.D; reading subsequently books, various research papers and reports for the past twenty years; attending seminars given by professors from various universities; speaking with colleagues; and, doing my own research.

Please belive me when I tell you that the issue of Fed Reserve is so complex that I still do not understand it fully and continue to learn. I too have reservations about some aspects of its functioning, but, on the whole, it appears to be an improvement over the past. If someone thinks we should abandon it, fine. But then I want that person to tell me, abandon for WHAT? What would be a better system? Most people (unfortunately, Ron Paul included) give silly reasons for abandoning the Fed, reasons that raise doubt whether he understands what he talks about.

Financial regulation is very complex, most of us do not understand it fully, and people fear what they don't understand --- that, and not some good reasons, is the source of their frustration.