[mowenz]

I agree that those are problems as well.

However while you may not agree the Fed is a problem, unfortunately the Fed and central banking has an aura of group think around it that is usually only available for religious groups. I mean the fundamental concept of the fed's mandate: price stability and employment targeting--yea they sound great, but at what point do you question the ability to create value out of thin air just by playing with money. It is by definition financial alchemy.

And yes, I'm already familiar with Keynes' arguments in his General Theory, which is the historical work that set the precedent for this.