Because the people who came here from England were in direct opposition to a Central Bank concept because a Central Bank can print money out of thin air with no gold or asset backing. The government gets free money to use on a whim and inflation increases rapidly as more money pours into the system.
Here in the US, the scam artists came up with the name "Federal" to make people think it is a government agency when in fact it is a private corporation interested in profits and NOT the welfare of the citizens. And then the word "Reserve" to make people think that gold, silver, or some other asset is being kept to back up all this extra money being printed up from nowhere when in fact there is NO backing for federal paper (dollars). When banks can loan out non-existant money to average working Americans and charge them interest on it, what better scam can there be? Take all that REAL MONEY PROFIT from interest payments on money that never existed in the first place and they get a 100% real profit.
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