So he has an opinion that is different than yours. Sometimes it is good to read an alternate opinion. I had an English teacher in 8th grade that taught me how t

So he has an opinion that is different than yours. Sometimes it is good to read an alternate opinion. I had an English teacher in 8th grade that taught me how to read a news paper. She was from Eastern Europe and had escaped from the Soviets. She was very adamant about using multiple sources. Understanding the motivations of the writer, getting other sources of evidence. I think she was wise and I will always be indebted to Mrs Holtzman. AFAIK the function of the Fed is pretty understandable. Whether you agree that they make the correct decisions that is another matter. It seems to me that in an economy that is producing new things that did not previously exist being able to adjust the amount of currency in circulation to reflect the total value of things in the economy makes a lot of sense. Suppose the 350 million of us had to share the millions dollars that was in existence when the country was founded. There would not be enough for each of us to have a single dollar. That would make the currency pretty useless.