“The Octopus” – Aldrich Plan, Cartoon from 1912

Traces of Reality
December 07, 2012

 

"The Octopus" - Aldrich Plan, Cartoon from 1912

“The Octopus” – Aldrich Plan, Cartoon from 1912
This illustration was published one year before the passage of the Federal Reserve Act (previously referred to as “The Aldrich Plan”) and is no less relevant today than it was a century ago.

For more information concerning this subject, start with a cursory read of this Wikipedia entry: http://en.wikipedia.org/wiki/History_of_central_banking_in_the_United_States#Aldrich_Plan

Then, strap yourself in and get the whole story from the indispensable Murray Rothbard here: https://mises.org/document/6119/The-Origins-of-the-Federal-Reserve