During House debate on the Federal Reserve Act, Republican (proto-fascist/socialist) Charles A. Lindbergh, Sr. of Minnesota, speaks out against its imminent passage:
This act establishes the most gigantic trust on earth. … The new law will create inflation whenever the trusts want inflation. … [I]f the trusts can get … inflation, they figure they can unload the stocks on the people at high prices during the excitement and then bring on a panic and buy them back at low prices. …
[restored 6/5/2022]
Subsequent Events:
Authority:
Article I, Section 6 [Clause 1]
ccc-2point0.com/constitution-for-the-united-states
References:
Mr. Lindbergh, speaking against House Report 163, 63rd Congress, 1st session, Congressional Record (December 22, 1913), vol. 51, part 2, pages 1430, 1445-46.
Current U.s. National Debt:
