The Federal Reserve Act established the Fed as America’s central bank. The Fed creates money out of thin air, manipulates interest rates, and interferes with the free market. By doing so, the Fed fuels our economys' boom-bust cycle and has helped devalue our dollar by over 95%.
According to the Minneapolis Federal Reserve branches' own website, what you could buy with $1 in 1913 would now cost you $22.55.
Although Congress and the Treasury helped bring about the housing bubble and financial collapse with legislation regulations and keeping the funds flowing to reckless institutions like Fannie Mae and Freddie Mac the Fed was the main cause of the crisis.
The Federal Reserve Act is and was nothing short of insanity.