Central planning Quote by Alan Ebenstein

“The accepted version of history is that the Federal Reserve was created to stabilize our economy. One of the most widely-used textbooks on this…

— G. Edward Griffin

“However, after several false starts and with the lessons of history fading, America, too, would finally create a permanent central bank, in 1914. For…

— Mark David Ledbetter

“Had the Federal Reserve System never been established, and had a similar series of runs started, there is little doubt that the same measures…

— Milton Friedman

When the Federal Reserve Act was passed, the people of these United States did not perceive that a world banking system was being set…

— Louis Thomas McFadden

“Starting in 1792 with George Washington, there were financial crises every ten to fifteen years. Panics, bank runs, credit freezes, crashes, depressions. People lost…

— Elizabeth Warren

Importantly, in the 1930s, in the Great Depression, the Federal Reserve, despite its mandate, was quite passive and, as a result, financial crisis became…

— Ben Bernanke

“Although the United States, with its unit banking laws, had thousands of bank failures, Canada, which permitted branch banking, didn't have a single failure…

— Jim Powell

“The Federal Reserve dictated not only the interest rates at which banks could borrow from one another, as it does today, but also the…

— Yaron Brook

The Federal Reserve System is not Federal; it has no reserves; and it is not a system at all, but rather, a criminal syndicate.

— Eustace Mullins

The thought for a long time was that banks needed to be too controlled, too regulated to be turned over to the Wild West…

— Sarah Lacy

The Congress has had an uneasy relationship with banks and bankers since Alexander Hamilton. It took the United States until 1913 to set up…

— Robert Zoellick

There's no question the crisis demonstrated that the bank system didn't work. And when you looked at the aftermath of the crisis, what needed…

— Vikram Pandit