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"American money was never more sound, or banking more free, than 200 years ago. Since then, it’s been a long steady decline from the gold standard and competitive banking to our Fed-run system of inflated paper currency, deposit insurance, and perpetually shaky banks on the dole."
 By: | Lew Rockwell (more quotes by Lew Rockwell or books by/about Lew Rockwell) |
| [Llewellyn H. Rockwell, Jr.] (1944- ) Chairman of the Ludwig von Mises Institute |
Source: | Banks On The Dole, The Free Market, November 1995. |
Categories: | Economics, Fed, Fiat, Inflation, Money |
Rating: |   |