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The Fed Is Not "a Good Idea that Became Corrupt": It Always Was Corrupt

There’s an idea rooted among some libertarians that the Federal Reserve was originally a sound institution but has grown corrupt. As a bankers’ bank, it was fine, they believe, but not as the monster it has grown to be. If we could only go back to the Fed’s founding charter, all would be well.
United Kingdom New York United States Nelson Aldrich Paul Warburg Alan Greenspan
Source: mises.org

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