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The Federal Reserve is a pretty centralized banking system. To your point, however, the US has had prosperous period of its history with free (I.e. no central/
by jkepler 5y ago
The Federal Reserve is a pretty centralized banking system.
To your point, however, the US has had prosperous period of its history with free (I.e. no central/federal control) banking. See Rothbard's "The Mystery of Banking."