Last edited by Liz Peeps; 06-13-09 at 06:16 PM.
The Federal Reserve technically "buys" currency from the Bureau of Printing and Engraving.
Nothing prevents that functionality from being transferred from the Federal Reserve to commercial banks.
I agree it is unlikely that Congress will act to eliminate the Federal Reserve in the current political climate, but I do not believe the political shift necessary to make the Fed's elimination is as big as one might initially suppose. The actual alterations to the banking system itself are fairly superficial.
People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.