>>230952
They sold the FED with talking points like ability to write loans (fractional reserve system) and it's ability to defend against market crashes, etc.
But the great depression was a product of money manipulation.
I would rather have a "free market" solution, whereas if it crashes, or not, is not determined by a few rich assholes.
And Peter Munk- he probably don't care either way because he can sell anything he mines to consumers anyway. If he mines too much too fast the price will drop (in free market).
My dad lived thru great depression as a teenager, very vivid account. They all knew back then the FED was the reason for the treason.