The Heart of American Statism:The Federal Reserve System

Lew Rockwell reports:

The central bank is sacrosanct because its absence would force all sides to give up their fantasies of power. The right would have to give up its crazed belief that it can do "heroic" things by seizing control of the state, things such as defend or overthrow any government in the world, or things such as make everyone in the country obey their own view of what constitutes the virtuous life.

The left would have to surrender their vision of a state that uses coercion to achieve perfect equality, fairness, and distributive justice throughout the world.

Without a central bank, the political section of the bookstore would have to be reclassified as science fiction.

This is why you hardly ever hear a fundamental question on the right of the Fed to exist. This is why the political culture frowns on anyone who attacks the heart of the state.

You'll want to read the whole article.