my son's 8th grade history book, pages 648 and 649 <a href="http://www.patrioticrevelations.com/pages648and649.html" target="_blank">http://www.patrioticrevelations.com/pages648and649.html</a> They teach that the Federal Reserve Act improved the nation's monetary and banking system. and it created a more flexible currency system by allowing banks to control the money supply.. ...flexible as in bend over the gall ... geesh