Quarterly Journal of Austrian Economics
Author:
Murray N. Rothbard
Online Publish Date:
Volume 2, No. 3 (Fall 1999) The financial elites of this country, notably the Morgan, Rockefeller, and Kuhn, Loeb interests, were responsible for putting through the Federal Reserve System, as a governmentally created and sanctioned cartel device to enable the nation’s banks to inflate the money supply in a coordinated fashion, without