Federal Reserve - private or government owned?

Doug Henwood dhenwood at panix.com
Tue Oct 3 18:50:01 PDT 2000


Chip Berlet wrote:


>Most of the rhetoric about the Federal Reserve being private originally comes
>from the John Birch Society and other right-wing populist groups.

Well, yeah, but 1) it is half, or 40% private, and 2) it's big capital's personal branch of government. Conspiracism is the class politics of fools, but there's a truth there that shouldn't be dismissed.

Doug



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