Comment: No

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I don't know where you're reading. The next line is:

"During the Civil War, the Confederate government also succumbed to the temptation of printing money to buy goods."

And the paragraph below that starts with:

"Explain that Congress used powers granted in the necessary and proper clause to delegate its monetary powers to the Federal Reserve System."

You can't just make things up to suit your personal biases.

I'm not saying that having the fed is necessarily a good thing. I'm just pointing out that this educational program explains both the legislative history of the Fed and the explanations for why it was created: to avoid the printing of money that leads to inflation.

Whether or not the Fed meets that goal now is irrelevant to what's in the document.

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