“How did the United States exist before 1913 and the creation of the “Federal Reserve?” It did very well for 137 years.”
Uh, no. There were plenty of recessions, panics, and depressions during the 1800s. The lack of a central reserve bank didn’t make it a time of economic bliss.
https://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States
Duh. You missed my point entirely. We survived all those recessions and we ended up fine before 1913, not in debt to the tune of more than our GDP. Read my post again.