Yes, you are thinking right. In fact, the founders didn't intend for us to have a Central Bank. Congress is given all authority over money issues. But we wound up with a Central Bank anyway,then Lincoln got rid of it, and we did just fine. But then another Central Bank snuck in to take it's place, and Andrew Jackson got rid of that one, and then another snuck in to take it's place. The Fed as we know it today. And so it goes, and so it goes.
Things are only impossible until they are not.
-- Jean Luc Picard
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