The Federal Reserve

http://www.lewrockwell.com/paul/paul53.html

Note for the confused:  the 'Federal' Reserve is private, not public. 

For clarity:  the Federal Reserve is a privately owned company. 

This organization is clearly unconstitutional, and no true supporter of Free Enterprise or the American Constitution should support it.

Not to mention it's effects on lower-middle class people on fixed incomes...

>>16
A monopoly.

>>17
Consumers are not stupid, in a competitive market there may well be privaticsed currencies that try to gain some trust then start printing their receipts like crazy causing mass inflation. However consumers will prefer to take receipts from prestigious banks and from companies that they are employed in. Apparently the federal reserve is completely private even though it is heavily influenced and regulated by the government, but to a certain extent already all our trust is put into 1 privatised currency!

I think the running of money and it's true worth is best left in the hands of millions of people who depend strongly on it and 10s of different companies which have to prove to each and every one of them that their currency will not inflate rapidly due to money "production", cannot be forged, can be measured as something of substance instead of information and will have a stable foreign value irrespective of it's use by the government.