About Federal Reserve
About the Federal Reserve — as FRSC framed it
This matches the original site's "About Federal Reserve" theme: not a civics textbook — a critique that justified the coin.
Two days before Christmas in 1913, Woodrow Wilson signed the Federal Reserve Act. The law sought to end bank failures by creating a central banking system. But a century later — in the FRSC telling — the Federal Reserve had become an enabler of the financial havoc it was designed to prevent.
By late 2013 the Fed was still associated with quantitative easing: years of large-scale bond buying that critics nicknamed the "printing machine." On December 18, 2013, it announced a taper of those purchases. FRSC used that moment — and the Fed's 100th anniversary — as the stage for a virtual currency experiment about inflation, devaluation, and who controls money.
| Fed theme | FRSC response |
|---|---|
| Central bank discretion | Supply rules written in code (Scrypt chain; emission schedule) |
| Inflation / devaluation | Motto: WILL NOT BE DEVALUED COINS · "Said to Inflation: NO" |
| 100 years of the Fed | "Dedicate to 100 Years of the Federal Reserve" — ironic dedication |
| Official authority | Explicit disclaimer: This's Not The Fed's Official Website |
This section explains the original project's framing. It is not an official Federal Reserve publication.