Milton Freedman and Louis McFaden on the Great Depression Instigated By the Federal Reserve
Milton Freedman, Nobel Prize Winning Economist claims that the Federal Reserve created the Great Depression. In the year before the crash, the fed increased the money supply by 62%, then pulled the plug.
Congressman Louis McFaden, Chairman of the House Banking Committee agreed.
On May 23, 1933, Congressman, Louis T. McFadden, brought formal charges against the Board of Governors of the Federal Reserve Bank system, The Comptroller of the Currency and the Secretary of United States Treasury for numerous criminal acts, including but not limited to, CONSPIRACY, FRAUD, UNLAWFUL CONVERSION, AND TREASON.
The petition for Articles of Impeachment was thereafter referred to the Judiciary Committee and has YET TO BE ACTED ON.
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