This was actually not sane and part of central planning.

If there was a free market allowed for debt it wouldn't have been possible.

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Well golly the free market produced the federal reserve.

They should have stopped it with good ol fashioned competition.

Nope, again central planners.

"The Federal Reserve was created by Congress in 1913 and signed into law by President Woodrow Wilson."

Bro the free market tho. Should have competed with the central planners.

The central planners Trojan Horsed us.

It worked, there is no free market if you have a monopoly on violence.