DAS KAPITAL: ‘The FED’, Birth Of A Monster – By David Howden
Source – mises.org – “…The Panic of 1857…itself is a textbook example of an Austrian business cycle, caused by the lending activities of fractional-reserve banks. This original sin of the banking system concluded with the birth of a monster in 1914: The Federal Reserve” The Birth Of A Monster – By David Howden The Federal Reserve’s…