Central bank

The federal reserve or central bank is a very bad thing for America and the people in it. Thomas Jefferson warned us that a central bank would be the destruction of this country, and it has been. Although the central bank has done good for the economy it has also done many bad things for it too. The central bank allow regular banks to take out loans for the people, but when some people do not pay their loans, and the bank doesn't have any money to lend out the central bank nails them out and gives them more money. America is in an immense of debt, the government borrows money from the Feds, and when they do so they have to raise taxes so the American people can pay back the Feds, this system affects the middle class the most, these people can not deal with paying more and more taxes. The federal reserve also almost destroyed the money system in America. When the Feds print large amounts of money the dollar depreciates due to it not being backed by gold. When the Feds do this it raises the inflation rate in the country which isn't good for the economy. Politicians should have listened to Thomas Jefferson because of we followed his advice we could have such a deficit in the amount of debt we are in.