MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘Federal debt monetization’

Woodrow Wilson Created the Fed, Which Gave Us a War Finance System for the Next 100 Years

Posted by M. C. on May 27, 2018

Following teddy Roosevelt’s lead.

Indeed, Thomas Woodrow Wilson is the father of most of the last century’s ills. His grand crusade gave the world the curse of Stalin and Hitler, which, in turn, fostered the fallacy of the Indispensable Nation and gave rise to Imperial Washington and its destructive projects of global Empire.

Worst of all, his perversion of Carter Glass’ “bankers’ bank” made it possible to finance the Empire on the cheap and to nullify the natural antiwar constituency of middle class taxpayers.

That was Woodrow Wilson’s worst sin of all.

https://russia-insider.com/en/node/23506

David Stockman

Woodrow Wilson’s Folly gave rise to more than the 1,000 year flood of Nazi and Soviet totalitarianism and their state orchestrated campaigns of mass murder.

It also opened the door to massive, cheap war finance. And that baleful innovation has sustained the Empire long after Hitler and Stalin met their maker and the case for the Indispensable Nation had become ragged and threadbare.

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