The Case Against the Fed"By far the most secret and least accountable operation of the federal government is not, as one might expect, the CIA, DIA, or some other super-secret intelligence agency. They are accountable: a Congressional committee supervises these operations, controls their budgets, and is informed of the covert activities. It is little known that there is a federal agency that tops the others in secrecy by a country mile. The Federal Reserve System is accountable to no one; it has no budget; it is subject to no audit; and no Congressional committee knows or, or can truly supervise, its operations. The Federal Reserve, virtually in total control of the nation's vital monetary system, is accountable to nobody--and this strange situation, if acknowledged at all, is invariably trumpeted as a virtue"--Page 4 of cover |
Contents
Money and Politics | 3 |
The Genesis of Money | 12 |
What is the Optimum Quantity of Money? | 18 |
Copyright | |
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$1 billion Aldrich American assets bank credit bank deposits bank notes Bank of England bank run Bank's banking reform banking system big bankers bill cartel cash Central Bank commercial banks committee Conant counterfeiting currency debt demand deposits Democratic Deposit Bank depositor deposits on top dollar economic economist exchange Fed's Federal Reserve Notes Federal Reserve System fractional-reserve banking free market gold standard Gold Standard Act gold stock increase Indianapolis Monetary inflation inflationary insolvent issue J. P. Morgan Jekyll Island Kuhn Loan Bank Loeb Ludwig von Mises Monetary Commission money supply monopoly Morgan partner Murray N national banks notes and deposits paper money paper tickets party percent political president purchasing pyramid railroads redeem Republican reserve banking Rockefeller Rothbard Bank Secretary silver supply of money Suppose total money supply Treasury U.S. government United Vanderlip Wall Street banks Warburg warehouse receipts wheat York