You should go study the creation of the federal reserve some more…
> Both parties included a monetary reform bill in their platforms: The Republicans were committed to the Aldrich Plan, which had been denounced as a Wall Street plan, and the Democrats had the Federal Reserve Act. Neither party bothered to inform the public that the bills were almost identical except for the names. In retrospect, it seems obvious that the money creators decided to dump Taft and go with Wilson.
>To further confuse the American people and blind them to the real purpose of the proposed Federal Reserve Act, the architects of the Aldrich Plan, powerful Nelson Aldrich, although no longer a senator, and Frank Vanderlip, president of the National City Bank, set up a hue and cry against the bill. They gave interviews whenever they could find an audience denouncing the proposed Federal Reserve Act as inimical to banking and to good government. The bugaboo of inflation was raised because of the Act’s provisions for printing Federal Reserve notes.
>The Nation, on October 23, 1913, pointed out,
> "Mr. Aldrich himself raised a hue and cry over the issue of government "fiat money", that is, money issued without gold or bullion back of it, although a bill to do precisely that had been passed in 1908 with his own name as author, and he knew besides, that the ‘government’ had nothing to do with it, that the Federal Reserve Board would have full charge of the issuing of such moneys."
>https://www.bibliotecapleyades.net/sociopolitica/esp_sociopol_fed06b.htm