Source: The Heartland Institute
by Dalia Marciukaityte
“These days, most people assume that a central bank — in the United States that is the Federal Reserve Bank (Fed) — is something that a country has to have. However, the declining purchasing power of our paper money makes more people realize that there is something very wrong with our monetary system, which is controlled by the Fed. Moreover, before the Fed was created in 1914, the United States prospered without experiencing prolonged recessions and depressions. Turns out that a central bank is not something that a country needs, but it is something that financially irresponsible governments and corrupt businesses desire.” (03/30/26)
https://heartland.org/opinion/why-do-we-have-the-federal-reserve-bank/