Who Needs The Fed?: What Taylor Swift, Uber, And Robots Tell Us About Money, Credit, And Why We Should Abolish America'S Central BankThe Federal Reserve is one of the most disliked entities in the United States at present, right alongside the IRS. Americans despise the Fed, but theyre also generally a bit confused as to why they distrust our central bank. Their animus is reasonable, though, because the Feds most famous functiontargeting the Fed funds rateis totally backwards. John Tamny explains this backwardness in terms of a Taylor Swift concert followed by a ride home with Uber.