Federal Reserve - private or government owned?

Max Sawicky sawicky at epinet.org
Wed Oct 4 11:29:05 PDT 2000

Sayeth the Chipmeister: " . . . There are two main conspiracist variants:

secular: secret banking elites own the Fed to suck money out of the middle class. See: G. Edward Griffin, The Creature from Jekyll Island. . . . "

Banking elites do suck money out of the middle class. It's just not a secret.

The most common misconception about this and the related issues of monopoly and anti-trust is that the main negative impact is on consumers. Rather, it's on small producers whose upward mobility aspirations are thwarted. The left does not appreciate this because it has a Thing about Capital.


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