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Julian ๐Ÿ›๏ธ๐Ÿช profile picture
Julian ๐Ÿ›๏ธ๐Ÿช
@Julian
Wow, this letter is a must read for any #bitcoin historian

Written by one of the most senior politicians pushing to create the Federal Reserve in 1913, Robert Owen.

In it he argues in favor of the Central Bank, and answers objections from one of the most powerful private bankers at the time, Joseph Talbert.

It gives some great insight into the reasons and rhetoric of the Pro-Fed movement at its creation. ๐Ÿงต
41โค๏ธ1
Julian ๐Ÿ›๏ธ๐Ÿช · 138w
In 1913, the creation of the Federal Reserve was a cause of heated political debate. Robert Owen was the Chairman of the Senate Committee on Banking and Currency, and co-sponsored the legislation creating the Federal Reserve. Joseph Talbert was the VP of National City Bank of New York (now Citiban...
Julian ๐Ÿ›๏ธ๐Ÿช · 138w
Full text http://www.survivorlibrary.com/library/banking_and_currency_1913.pdf