Mises Wire
Author:
Murray N. Rothbard
Online Publish Date:
[Excerpt from The Origins of the Federal Reserve , reprinted in The Rothbard Reader ] The Federal Reserve Act of December 23, 1913, was part and parcel of the wave of Progressive legislation, on local, state, and federal levels of government, that began about 1900. Progressivism was a bipartisan movement which, in the course of the first two