The Federal Reserve Bank is RIPPING US OFF and it MUST BE ABOLISHED.
The Federal Reserve Bank has been stealing from the American public ever since its inception in 1913, and even before this date via its central banking / fractal reserve banking, which is why the Federal reserve Bank must be abolished.
The Fed does not fight inflation; the Fed creates inflation.
Contrary to ignorant popular belief, such as is found in idiot articles like Wikipedia's The Federal Reserve System, the Federal Reserve Bank was NOT created to "provide the nation with a safer, more flexible, and more stable monetary and financial system." (sic). The Federal Reserve Bank was imposed on the American people after severe lobbying (by central bankers) in Congress managed to corrupt our US Constitution and change laws to grant the Federal Reserve Bank sole power over our monetary system and currency.
The Fed's very existence and policies have been the source of every financial crisis this nation has experienced since its birth. The Fed collected all the gold of the nation, then took us off the gold standard to avoid having to dole any of it out to its rightful owners, the American people. The Fed then began printing dollars out of thin air, like glorious IOUs, that have no true intrinsic value whasoever.
These trillions of counterfeit dollars get injected into our currency pool after the Fed and the US Government buys its needs goods and services. This surplus of money only dilutes the spending power of the dollar until it takes more of them to buy the same thing. Thus, the inflation cycle.
Any political discussion in Washington about "regulating the banks" will remain a moot point as long as the Federal Reserve Bank exists, and as long as our Government continues to collude with this parasitic economic system of fractal reserve banking. Concern over who is running the Federal Reserve Bank is like being concerned over who runs the mafia. It doesn't not matter who is running the mafia as long as organized crime still exists.
Our only hope of getting this financial monkey off our backs is to:
1. ABOLISH THE FED.
2. Have the US Treasury reinstate a gold standard.
3. Re-access the value of gold against all the dollars in circulation, let's say, $2000 per ounce, and then stick to this value without printing more dollars.
In a truly free market, supply and demand forces will bring the spending power of the monetary currency to its natural level of equilibrium, which will stop inflation.