Whether they did or didn't, the main reason they do it whenever they do is to fund war. The timing of the 1913 Federal Reserve Act is, therefore, incredibly suspicious.

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Fiat is the only reason wars are possible.

https://genbiz.com/fiat-money-war

'twas always thus. Monetary debasement.

Have you read Denson, The Cost of War? Fantastic, and free online at Mises.