10. Cartelization of Banking: The Fed

The American Economy and the End of Laissez-Faire: 1870 to World War II ›

0:00 | Jan 19th, 2010

The Federal Reserve was created in 1913 by Morgan men to cartelize the banking system and limit competition. This is fractional reserve banking rather than 100% reserves. Rothbard thinks it is fraud. ...Show More