For those who may not be aware of this, we had. We're on our third Federal Reserve bank in the United States. This is not the first one. This is the third one. We had two others [Federal Reserve banks], and we got rid of them, because ultimately, they lead us down a path where we're doing centralized engineering of an economy through control of the money supply and interest rates. And, and I'm not somebody who believes in centralized control. I think we need to decentralize control as much as possible. And so, however we get there, I think all of those ideas are worth exploring. (16:24–16:37)
CLAIM
Asserts that the U.S. had two previous Federal Reserve banks that were eliminated due to centralized economic control.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
