I should just leave it there but what fun is that

 Why did the Government allow a private corporation, owned by banks, to regulate the economy?  It’s a weird relationship and I know very little about it bit what I do know confuses me. 

 The Fed sets the interest rate – they decide how much interest they are going to charge their owners when they lend them money to lend to you.

 The Fed, as it is known, is actually called The Federal Reserve.  It has no reserves and it is not federally owned.

 The Fed prints and releases the cash, the Government mints and releases the coins.  Why doesn’t the government do both?

 The Fed regulates financial institutions.  I should have put regulates in quotes – sorry.  They forced B of A to buy out Merrill Lynch even when B of A & ML didn’t think it was profitable to do that.  Now B of A is laying people off.  I mean – Laying people off in the US, the outsourced jobs are safe.

 I guess I have a lot of reading to do at http://www.federalreserve.gov/pf/pf.htm