Ohhh nooo....IT DESTROYS WEALTH through the hidden tax called inflation.
Who pays for inflation??? Hint...it ain't the central banks nor the Gov't.
Why is a 1940's dollar worth about 4 cents today? Every bit of that 96 missing cents is inflation, paid for by people who had no idea what was happening.
The Fed manufactures money out of thin air, with the blessing of our elected representatives.
What other provisions or the Constitution do you reject? And why do you consider JP Morgan and his cartel superior to T. Jefferson & Co.?
The Fed is under the control of our elected reps. They can abolish it tomorrow. If the wealth has been destroyed, how is it that the standard of living increased since the Fed was created?