Saturday, September 22, 2012

The Origins of the Federal Reserve

"Someone in the Aldrich inner circle, probably Morgan partner Henry P Davison, got the idea of convening a small group of top leaders in a super-secret conclave to draft the central bank bill. On November 22, 1910, Senator Aldrich, with a handful of companions, set forth in a privately chartered railroad car from Hoboken, NJ to the coast of Georgia, where they sailed to an exclusive retreat, the Jekyll Island Club on Jekyll Island, GA. The cover story released to the press was that this was a simple duck-hunting expedition."--Murray Rothbard

(Via the Mises Institute)

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