The reasons why people still allow the fed to go about it's business, are not really all the logical. I've been protesting against the Fed for sometime now and here are the two biggest reasons I hear why people don't do anything about it:
1. It's just the way it is.
This is probably the stupidest reason, and yet the most common one I hear. People don't want to do anything about the Fed, because they are used to it being there and don't want to fight it.
2. They believe the fed is good.
I have heard from lots of people who believe that without the fed we would have a crazy free fall economy with no control. So basically, these people would rather give up their freedom to have some security (which they don't get anyways)
3. They don't feel they can make any difference
This is another really common excuse. Once you bat away the other two, people don't think they can do anything about the Fed, even if they do believe the fed is destroying our economy and freedoms. Apparently, that's a good enough reason for them not to do anything about the fed at all...