Look guys, the Federal Reserve is a bad idea because it puts great powers in the hands of a few who are unaccountable to no one. HOWEVER, please get your facts straight because you are damaging the cause. I actually paid attention in history class, and have documents to back this up: Jefferson, although opposed to banking in general, allowed the Bank of the United States to stay in existence as part of a deal to win his election from the congress. Look it up, the Bank lasted until 1811. Jefferson left office in 1808