Against the federal Reserve

The federal Reserve #2

The federal reserve is a very highly debated topic, with many ideas for, and against it. Here are some of the main reasons why people think the Federal reserve is not a good idea. 

1.) The federal reserve has too much power to control our economy - Federal reserve Chairman Ben Bernanke has the power to dramatically impact our economy at a drop of a hat. The central bank completely controls and determines the money supply. It is permitted to create as much money as it wants out of thin air with no restrictions.
2.) The Federal reserve has devalued our currency significantly - The more dollars we have in the circulation, the less the currency is worth. Our money supply has rapidly increased over the past century due to the  Federal Reserve printing massive amounts of money like there is no tomorrow.
3.) It is run by unelected, unaccountable bureaucrats - I think that people would be more in favor of the federal reserve if we were able to vote on who was a part of the Federal reserve.