The Origins of Central Banking

[Kevin_Kennedy]

Central banking has been a corrupt, mercantilist scheme and an engine of corporate welfare from its very beginning in the late 18th century. Northern merchants provided the main political support for Hamilton's Bank, whereas southern politicians like Jefferson supplied most of the opposition to it, seeing it as destructive of liberty and prosperity.

The Corrupt Origins of Central Banking in America - Thomas J. DiLorenzo - Mises Institute