Michael D. Sanders

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Do not call it a cartel nor even a central bank. Make it look like a government agency. Establish regional branches to create the appearance of decentralization, not dominated by Wall Street banks. Begin with a conservative structure including many sound banking principles knowing that the provisions can be quietly altered or removed in subsequent years. Use the anger caused by recent panics and bank failures to create popular demand for monetary reform. Offer the Jekyll Island plan as though it were in response to that need. Employ university professors to give the plan the appearance of ...more
The Creature from Jekyll Island: A Second Look at the Federal Reserve
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