The federal reserve should be dismantled

I have put together three points for my opening arguments why we should keep the Federal Reserve.1) The Origins of the Federal ReserveSorry, I won't explain this since I just noticed my opponent has explained some of the origins. I won't waste any time here.2) The Federal Reserve's PurposeThe Federal Reserve regulates commercial banks[2]. The Federal Reserve is responsible for quantitative easing. Most notably the Federal Reserve is responsible for inflation and deflation[3]. This is when the Federal Reserve increases or decreases the money supply in American society/ The most important function of the Federal Reserve is providing security for banks and their account holders[4]. [2]http://www.frbsf.org...[3]http://www.money-zine.com...[4]http://www.newyorkfed.org...3)The Federal Reserve prevents problemsMy question is simple, when was the last time we have heard of a bank run-on in the United States? We haven't that is because it rarely happens. If the Federal Reserve was "dismantled," te chances of run-ons on banks would increase significantly. Commercial banks would no longer be as secure.The following are reasons why the Federal Reserve should stay in place:1) The Federal Reserve protects the public.The Federal Reserve prevents bank run-ons as I pointed out earlier. I also pointed out how the Federal Reserve protects smaller banking institutions. Therefore, people who invest in banks have their accounts secured. Getting rid of the Federal Reserve will make their accounts more insecure. Is this desirable considering people put their life savings and investments within the banks?2) The Federal Reserve dictates monetary policy.The Federal Reserve has the power to influence employment, inflation, and deflation. There would no authority to replace the Federal Reserve's responsibilities.3)The Federal Reserve regulates banking institutions.The Federal Reserve regulates banking institutions as I pointed out earlier.4) The Federal Reserve is privately owned.I would argue to nationalize the Federal Reserve so it can be controlled by Congress would be the worse thing that could possibly happen. Congress currently struggles in agreeing in fiscal policy which is merely taxing and spending. If the Congress controlled the Federal Reserve, some cabal of fanatical congressmen may take the opportunity to purse maximum employment. Or possibly Congress may attempt to cause so much inflation to the point of hyper-inflation as we see in Zimbabwe[5]. To give the Federal Reserve to Congress is a disaster in the making. The banks who make up the Federal Reserve system are all authorized by the government.[5]http://www.economist.com...5) The Federal Reserve is not a conspiracy or a secretive organization.Some people would have you believe the Federal Reserve is controlled by a secret society like the Illuminati or the Bilderberg Group. However, the Federal Reserve is not a monolithic organization. There is dissent among those that serve as Governors of the Federal Reserve[6]. This is common knowledge among those who pay attention to the Federal Reserve.[6]http://www.nextnewdeal.net...6)The Federal Reserve releases a comprehensive report every year.Comprehensive Annual Financial Report is released yearly by the Federl Reserve releasing their financial statements to the public[7].[7]http://www.federalreserve.gov...7)The Federal Reserve is regulated by Congress and the President.The Federal Reserve can be audited by the Congress aside from their annual financial statements anytime they vote on it. The President nominates who can control the Federal Reserve, like the governors and the chairman[8]. The people who control the Federal Reserve are not appointed privately.[8]http://www.federalreserve.gov...8) To get rid of the Federal Reserve will have unpredicted consequences on the American economy and the global market.The consequences of getting rid of the Federal Reserve are unforeseen. Ending the Federal Reserve will not bring a balance of inflation or deflation at all. The economy will become less stable due to the lack of regulation from the Federal Reserve. Then this will have horrendous effects upon the global economy. The United States is one of the world's strongest economies and to get rid of the Federal Reserve will affect many economies aside from the United States.