so by your guys logic, FED created in 1913, was supposed to stop run on banks, and panics. Since then we have had

Great Depression
Great Recession 2008
.COM Bubble 1998-00
Bush SR. Recession of early 90s
Reagan Recession
Carter Recession, 20% Inflation

AND 20 OTHER RECESSIONS. Wow, theyve been doing a GREAT job.

You need to look at Quantitative Easing, currency manipulation. The FED has caused the stagnate environment we are in now, by propping up banks and businesses (under Bush and Obamas blessing). The FED was enacted to prevent crashes, it doesnt stop them, and whats worse, they hinder the recovery. The FED has kept interest rates far below market norms........why?


Ill dumb it down
Quantitative Easing Explained - YouTube

If you TRULY want to learn, set some time aside and watch this
Peter Schiff - The Fed Unspun: The Other Side of the Story - YouTube

The FED creates the booms and busts, because they control our monetary policy. We were FAR better off before the FED, we would be FAR better off without a central monetary dictator. Interest RATES HAVE TO GO HIGHER