Where did Benjamin Strong - head of the Fed - come from? Rothbard continues to reveal the individuals who shaped our world and wars. Morgan's empire brought us the irrational and useless WWI. Foreign policy today rests upon this Morgan outlook. The Versailles Treaty was a harsh thoughtless division of lands and economies. Many powerful politicians get their start under Wilson. Roosevelt and Hoover were both progressive Wilsonians. 1913 gave us the Fed and the income tax.
Lecture 11 of 13 presented in Fall of 1986 at the New York Polytechnic University.