"The Federal Reserve System virtually controls the nation's monetary system, yet it is accountable to no one. It has no budget, and no Congressional Committee knows of, or can truly supervise it's operations." - Murray N. Rothbard 1926-1995

Central banking is not a necessary evil... it's an avoidable evil. Once you understand how Fractional Banking works, the scam is in the open. The "Fed" is a privately held corporation, and is not part of any government agency.