Before the federal reserve (and the central bank) congress was in charge of printing money, and setting the value of said money.
http://www.heritage.org/constitution/#!/articles/1/essays/42/coinage-clause
Then the central bank came along with borrowing and national debt.
Andrew Jackson abolished the central bank, brought control of the money back to the government, and we had 0 national debt.
Then came the federal reserve, and back into debt we went.
I personally believe the founding fathers intended the government to work with no debt. If we read some of the writings about banks, it should be clear the founding fathers feared banks taking control of our money.
Thomas Jefferson said,
Jefferson also goes on to say,
http://www.monticello.org/site/jefferson/private-banks-quotation
The people should have control of the money through our elected officials, and not the banks.
What Jefferson feared has happened. A private organization, the federal reserve, has taken control of our money.