Paul Warburg - the oft-cited 'father of the Federal Reserve' - pushes back on those who see him as favoring the issue of 'fiat money'... No one, he writes, "has given more time and energy to "the fight for sound money," adding a warning that "all direct connection between the government and the banking business is undesirable." We suspect Warburg would be turning in his grave at the oligarchy he unleashed...
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h/t @RudyHavenstein
