Posted by Socrates in economics, Ezra Pound, Federal Reserve Notes, Federal Reserve system, money at 9:08 am | Permanent Link
“Pound recognized two very important threats to the international banking community that arose out of the Third Reich. First, Hitler abandoned the gold standard, meaning that Nazi Germany suddenly had the power to prevent defaulting on its future debt simply by printing money — a power that the U.S. copied from Germany just as it […]