Modern Money Mechanics AKA The Federal Reserve For Dummies

Posted by Maphesdus 12 years, 7 months ago to Economics
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"A great industrial nation is controlled by it's system of credit. Our system of credit is concentrated in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the world--no longer a government of free opinion, no longer a government by conviction and vote of the majority, but a government by the opinion and duress of small groups of dominant men."
~ President Woodrow Wilson

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Did Ayn Rand ever say anything about the Federal Reserve? There was no mention of it in Atlas Shrugged, and I haven't seen any mention of it her non-fiction work, but then again I haven't read everything she ever wrote. It would be interesting to know what her stance on it was.

SOURCE URL: http://www.youtube.com/watch?v=31khNqLphw0


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  • Posted by $ MikeMarotta 12 years, 7 months ago
    Maphesdus: Ayn Rand never directly addressed the FRB. Someone else might dig up a tidbit, but I know the canonical works fairly well. Alan Greenspan outlines a history of the FRB in "Gold and Economic Freedom" in CUI and that would count as being sanctioned by AR.
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    • Posted by $ 12 years, 7 months ago
      Did Alan Greenspan write that book before or after Ayn Rand's death?
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      • Posted by $ MikeMarotta 12 years, 7 months ago
        CUI = Capitalism: The Unknown Ideal by Ayn Rand, Nathaniel Branden, Alan Greenspan, and Robert Hessen (New American Library, 1966).

        Greenspan had three essays in that anthology:
        "Antitrust"
        "Gold and Economic Freedom"
        "The Assault on Integrity"

        Ayn Rand died in 1982.
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