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The Gold Standard Didn t Create the Great Depression, the Federal Reserve Did - Foundation for Economic Education

As Dr. Murray Rothbard once famously said of the Great Depression: "The guilt for the Great Depression must, at long last, be lifted from the shoulders of the free-market economy and placed where it properly belongs: at the doors of politicians, bureaucrats, and the mass of enlightened economists."

How Governments Seized Control of Money

In discussions surrounding of the world’s monetary systems today there is usually one thing almost everyone can agree on: that money should be controlled by the organizations we call “states” or “sovereign states.” Nowadays when we say “the US dollar” we mean the currency issued by the US government

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