Ron Paul introduced a bill back in June to abolish the Fed.
Please go to campaignforliberty.com and search for his couple page bill.
I think he has a very good handle on this, since he has many books out on economics.
Also check out endthefed.us. A protest is scheduled for 11/22/08, the day the fed started 1913 and President Kennedy's death.
With Peace and Love in Mind,