The government as our representative should be able to create fiat money (money created from authority) without owing it to anyone, exactly as specified in the Constitution (able to coin money).

Right now, money is created as fiat money by the Federal Reserve, a private central bank, lends it to our government and our government has to pay it back with interest. This is completely nuts.

We gave away the constitutional authority of our federal government to coin money to a private banking cartel (the Federal Reserve is owned by Citi and other private banks). This is essentially theft. Even if you argued that they don't "own" the money, because of the control of money they get power that they should not have, plus they can play games such as Citi giving themselves in 2001 1.6 trillion loan at 0.25% which is basically billions of dollars for them for free.

Before 1913 we had neither Federal Reserve nor income tax.

There is nothing wrong with fiat money IF it follows these three guidelines:

1. It is created debt free
2. It is in proportion to the value (goods and services) created by the nation. When more value is created, add more money to circulation, when less value is created remove money from circulation.
3. It is only introduced through value producing activities (e.g. building infrastructure), not value destroying activities (e.g. war, welfare).

Gold/oil and other backed currencies violate principle #2.

Really, read the book.