The Federal Reserve: Benefit or Burden

One of the more, if not most morally grey area of America's economy is the Federal Reserve. The word "federal" is misleading to its actual allegiance. The Federal Reserve is actually the by product of a group of banks whose chairmen came together on Jekyll Island and decided to make a national bank. The Fed has merits, however the costs far outweigh the benefits. The Fed is obviously unconstitutional and invasive in American politics. It is also anti-capitalism, due to the fact that finances are being controlled by a "government-affiliated" institute. The largest con of the Fed is the fact that it has grown in power so much so that private interest groups and lobbies (who make up the fed) have extended influence over our own government. This leads to a large amount of corruption in our government where our politicians are now puppets, and private interest groups the puppeteers. On paper, the Fed seems like an admirable idea however in practice it is obviously not a government bank, but a corrupt, unconstitutional mess. The harsh reality of the situation is that if we want to prosper as a country, economy and people, we must either scrap the Fed entirely or dismantle it and start from scratch.