There were financial panics and depressions throughout the 19th. Century.
Would keeping a central bank have prevented them all? That’s what the propaganda supporting the Federal Reserve Act would have you believe.
The history major in me doesn’t quite buy it.
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There were financial panics and depressions throughout the 19th. Century.
Would keeping a central bank have prevented them all? That’s what the propaganda supporting the Federal Reserve Act would have you believe.
The history major in me doesn’t quite buy it.
>
The one thing it *WOULD* prevent: The runaway\unconstitutional spending we have going on SINCE the institution of the F.R.; let alone the 98%+- depreciation in the true value of the FRN in the century of its creation (where a *single* head of household can no longer: buy a house, buy car, save for retirement, save for college, raise family\children, etc.).