Okay.  Why is this wrong?

Some important stuff:

The "letter" of Constitutional law is violated by the Fed's conflict with Article 1, Section 8, Paragraph 6 -- "The Congress shall have the power ... To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures".

The "spirit" of Constitutional law is violated by the Fed's conflict with the 1935 SCOTUS decision in Schechter Poultry, 295 US 495, which barred Congress from delegating any of the core powers assigned to it in the Constitution.

So?