End the Federal Reserve?

I just finished Ron Paul's new book "End the Fed." It's short, sweet and to the point mostly. In it he presented a couple of compelling arguments to rid the US from control of a central bank. I am still uneducated on the issue, but plan to learn more about it. On principle I disagree with the existence of the Fed. Reasons being: every day the Fed exists and prints more money, the less our savings are worth due to inflation, it permits the government to print money in order to fund programs it should not be involved in or promote, it is hardly controlled and allowed far too much power without adequate oversight.

Ron Paul brought up the valid point that if we can't print money, why should the Fed be allowed to? If we do it, it's counterfeiting, but if they do it, it's legit.

Ever since its inception, it has failed to do what it was created for, namely, provide a foundation for a stable economy. There have been nearly two dozen recorded recessions since 1913 when it was founded.

It's an interested read.