system
Given the following post, respond as if you're commenting on Reddit:
human
The Federal Reserve and why some people think it will be better if it's eliminated.
gpt
The Federal Reserve is basically the National Bank of the United States. We used to have an actual "Bank of the United States", until Andrew Jackson decided banks were evil and shut it down (Apparently, he was part of the hipster "Occupy the 1820s" movement).

The Federal Reserve works by loaning money to other banks, like, Wells Fargo or Bank of America. You cannot get a loan from them (Well, unless you own a bank). 

One of the big powers of the Fed is the power to set the interest rate on the loans they give. If they want banks to loan lots of money, they set their rate low. If they think banks are loaning too much money, they  raise their interest rate.

By making it more or less attractive to loan money, the Fed can indirectly adjust the inflation rate. Inflation too low? Lower your rates. Inflation too high? Raise your rates. (This is a massive oversimplification). 

Some people think nobody should try to mess with currency that way, trying to adjust the rate of inflation. They think that the free market will set an inflation rate that is best for the economy, and the Fed is just messing that up. Other people think it's better to have some way to mess with inflation, in case it gets too high or too low.