Origins of the Federal Reserve: Wall Street Discontent
From The Case Against The Fed (pp. 79-82), as narrated by Floy Lilley.
From The Case Against The Fed (pp. 79-82), as narrated by Floy Lilley.
From “Capitalism the Creator: The Mises Circle in Seattle,” a Curt and Allora Doolittle Seminar. Recorded 17 May 2008.
Judge Denson has, in this excellent book, expertly solved a difficult problem. Wars are a principal means for the state to increase its power.
At the outset of the American “experiment,” the tax burden was light. Money was gold and silver.
Copper and nickel have a high dollar price because the dollar is rapidly losing its value, not because copper is scarce.
"No one is in a position to restrain the president, the Congress, or the courts so long as the dollar is as printable as paper."
One would like to think, though, that in view of the appalling massacres and destruction of the war, some better choices than the ones Churchill and Roosevelt made were possible.