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.
Fiat is the only reason wars are possible.
https://genbiz.com/fiat-money-war
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'twas always thus. Monetary debasement.
Have you read Denson, The Cost of War? Fantastic, and free online at Mises.
