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Source link: http://archive.mises.org/11309/sad-day-in-history/

Sad Day in History

December 23, 2009 by

96 years ago today, the despicable Woodrow Wilson used four gold pens to sign the Federal Reserve Act. An act which is arguably the most destructive and harmful law ever enacted by a United States President.

Read the original 1913 New York Times account of the event.

{ 9 comments }

David C December 23, 2009 at 6:15 pm

Notice that, like health care, they passed just before Christmas when most people are preoccupied with the holidays.

billwald December 23, 2009 at 7:29 pm

Lincoln’s War made it all possible.

Fallon December 23, 2009 at 7:57 pm

“The country has been long fearful of a centralized banking power. Such a power exists today but in the inefficient archaic and feudal form. Why not then accept the principle of centralization as expressed by the central bank but applied under a control based upon a fair representation of the commercial and financial interests of the entire country?”

Edmund Fisher, “Financial Feudalism and A Central Bank”, from The Forum, 1911

HL December 23, 2009 at 8:32 pm

Sickening. What kind of pen will the Great O use to sign into law his healthcare reform? What about his carbon cap bill? May I recommend a black pen with a skull and crossbone motif in gold ?

Francis December 24, 2009 at 3:54 am

W.Wilson: indeed, one of the greatest enthusiastic blunderer in world history. We owe him in some obscure line of descent, Hitler and the rest.

Chris December 24, 2009 at 8:28 am

How ironic that another bill seems to have passed just before Christmas that may be almost equally as destructive…
http://news.yahoo.com/s/ap/us_health_care_overhaul

Bruce Koerber December 24, 2009 at 9:13 am

The Ego-Driven Use Holy Days To Pervert Civilization!

Hark the herald . . .

Is there any mystery why the ego-driven interventionists thrust their spears into the hearts of the unsuspecting during this time of year?

Are these not the consequences of disregarding the spirit of alertness that is innate in us as humans? What vile things happen to those who act as fools and allow the ego-driven interventionists and the ego-driven interpreters to act as wolves in shepherd’s clothing?

Alertness requires us to scorn the ego-driven interpreters. Then the discoveries that we make because we are alert (and freed from the interpretations of the ego-driven) clearly reveal that the ego-driven interventionists are satanic in nature, that is, ignorant and oppressive.

The opposite of what these charlatans are doing is the approximation of what is the true pattern for the divine civilization. Therefore refinement of classical liberalism is the correct pathway to follow.

T. Ralph Kays December 24, 2009 at 12:42 pm

Isn’t 1913 the year that we got the income tax and direct election of senators too? Three major steps towards enslavement all in one year.

Uri December 25, 2009 at 12:50 pm

The debate on this bill has been going on for half a year. You guys think Obama timed it so the Senate vote would come down at Christmastime?

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