One of the worst things that the Congress of the United States ever did was to create the Federal Reserve System in 1913. If I am not mistaken, the U.S. was the last world-power to create a central bank, largely because our Christian consensus made us deeply suspicious of placing so much power into the hands of so few individuals. A handful of non-elected officials (and therefore not accountable to the taxpayers) make monetary policy decisions that can wreak not only national but international havoc. Check out Fed Chairman Ben Bernake being very closely questioned by Rep. Alan Grayson (D) of Florida. Bernake's responses are not at all encouraging.