The Federal Reserve is the birth of a banking cartel coming together to protect its members from competition. They wanted to come to an agreement on the structure and operation of the cartel (now known as The Federal Reserve), maximize profits by minimizing competition between members, make it extremely difficult for new competition to enter into the market (rival banks, smaller banks, etc), and utilize the police power of government to enforce the cartel agreement. Don't fight the Fed. Get a dose of history as to WHY the Federal Reserve came into power, so you can gain a better understanding on why decentralization and crytpocurrencies have become so important.
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