Has the Federal Reserve been a positive or a negative experience for the averqge citizen?

Since the "legal tender" produced by the Federal Reserve (private bankers) has only the faith in a "government decree" to back it up, what is the point in using a "third party" to print it for us?) The same thing that makes a dollar bill good, (faith in the government decree as legal tender) would make a direct government bond or dollar bill good, why should we pay private bankers "INTEREST" for creating it for us when the government could do so directly thereby giving the voters better control by "throwing the bums out" IF they abused their trust as the operators of the Fed have done creating the current financial mess!