With the nation in its fifth month of economic contraction, William P.G. Harding, Chairman of the Board of Directors of the privately owned Federal Reserve System of (central) Banks, at the opening of its meeting with the Federal Advisory Council (commercial bankers elected by the Board) says, “Now, there is undoubtedly a spirit of extravagance in this country which must be curbed.”
[added 6/20/2022]
Subsequent Events:
References:
Voluntary Society – Conditioning – Credit – Federal Reserve – Carmen Pirritano
voluntarysociety.org/conditioning/federalreserve/carmenpirritano.html
Current U.s. National Debt:
