Public control over the Fed would end profiteering on war, healthcare, education, and most other markets, would quickly eliminate the nation debt (since we would no longer be paying principal and interest on private bank notes created from thin air and passed off as our "legal tender"), and the embedded 30 to 40% interest in the cost of goods and services, which eats away at our productive capacity, would also disappear. It would also make most taxes irrelevant because unnecessary.
Robert Bows