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TBone
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Fielding my grandson’s questions about gold and banking - George F. Smith - Barbarous Relic

Great text George, Thanks!!!

Commented 2652 days ago

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Beginning of the headline :My grandson had quite a day at school.He had learned that the economy had been suffering from things called Panics, capital P, during the 19th century and had another big one in the early 20th century.He had been told that responsible, public-spirited men like J. P. Morgan had organized a central bank to prevent those Panics.He and other bankers finally got the government to go along with their idea and pass it into law in late 1913.And wouldn’t you know it — we’ve had no more Panics since then... Read More

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