Modern central banking began a little more than 100 years ago. Economists and elite political figures became enamored with the prospect of a perfect money and banking system....The big picture is unrelenting inflation, ongoing business cycles, and general mismanagement: exactly what we would expect under government ownership and control. The long-term pattern of the dollar’s purchasing power provides a good illustration of what happens when government controls a commodity as important as money...We can look back and see how the Federal Reserve and the nationalized dollar brought about incredible calamities, from depression to war to Leviathan, and feel profound sadness and regret. fee.org/freeman/detail/epic-fail-100-years-of-the-fed
Posted on: Fri, 02 Jan 2015 15:37:54 +0000
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