A lot of people worked really hard to establish the Fed. Why did they go through all that effort? What did they achieve that they couldn't do without a central bank? The Feds mandate isn't about employment or managing inflation, it's a mechanism for capturing and transferring wealth from the public to a specific group. To that end, inflation is a tool they use to achieve an objective, not a natural force to be managed like a fireman fighting fires. The Feds biggest worry is deflation(recession), and rightfully so, deflation will destroy a debt based system, but it's coming whether bitcoin existed or not. Thank you Satoshi.