Federal Reserve Posters (1920's)

[reagle]

Federal Reserve Posters (1920's)

http://libertystreeteconomics.typepad.com/.a/6a01348793456c970c014e8878c9d3970d-800wi


http://www.ritholtz.com/blog/2011/05/federal-reserve-posters-1920s/


via Mises
http://blog.mises.org/17068/i-had-no-idea-that-the-fed-was-so-wonderful/

[nobody's_hero]

Interesting.

Sometimes I wonder what the people of the 1910s and 20s were thinking, and even before that. We say we are asleep today. But at what point did schools just stop teaching economics? It had to have been before the Federal Reserve came about. I just can't imagine the government having that much influence over the school systems back then, so it must have been a screw up by the people themselves to have overlooked the importance of economics in education.

[cindy25]

we should remember that only a minority of banks, even today, are fed members

[sratiug]

Interesting.

Sometimes I wonder what the people of the 1910s and 20s were thinking, and even before that. We say we are asleep today. But at what point did schools just stop teaching economics? It had to have been before the Federal Reserve came about. I just can't imagine the government having that much influence over the school systems back then, so it must have been a screw up by the people themselves to have overlooked the importance of economics in education.

Good question. But the first central bank was already in place before Jefferson was elected.

[nobody's_hero]

Good question. But the first central bank was already in place before Jefferson was elected.

Yeah, true. Still, you'd think people would have learned from that experience and incorporated it into schooling. Somewhere along the way, the system got ripe for another attempt at a central bank, and I just wonder when the complacency started to kick in.

I don't think education was near the government managed indoctrination machine that it is today, but I could be wrong.

[Chester Copperpot]

Interesting.

Sometimes I wonder what the people of the 1910s and 20s were thinking, and even before that. We say we are asleep today. But at what point did schools just stop teaching economics? It had to have been before the Federal Reserve came about. I just can't imagine the government having that much influence over the school systems back then, so it must have been a screw up by the people themselves to have overlooked the importance of economics in education.

The grass is always greener on the other side of the fence...

People wanted a national currency so they could go from NY to LA without having to worry about the value of their money plumetting.
The federal reserve solved that problem.. and for the first couple years did a bang up job.

But after that they did what all the other scummy banks did.. just kept printing paper notes that didnt have any backing.

[fisharmor]

Yeah, true. Still, you'd think people would have learned from that experience and incorporated it into schooling. Somewhere along the way, the system got ripe for another attempt at a central bank, and I just wonder when the complacency started to kick in.

I don't think education was near the government managed indoctrination machine that it is today, but I could be wrong.

It's a system. It's a virtual monopoly. Run by the state. What incentive could there be for a state run system to spread an anti-state message?

None of it happened in a vacuum. The school systems were put in place prior to the progressive movement by the progressives. Gatto documented that their stated goal was indoctrination of the youth, largely in socialist ideals.

[TonySutton]

Interesting.

Sometimes I wonder what the people of the 1910s and 20s were thinking, and even before that. We say we are asleep today. But at what point did schools just stop teaching economics? It had to have been before the Federal Reserve came about. I just can't imagine the government having that much influence over the school systems back then, so it must have been a screw up by the people themselves to have overlooked the importance of economics in education.

Read up on the causes of WW1, the people of that generation were full of themselves.

[acptulsa]

Gold is subject to fluctuate in value, especially back when large veins were still being found and most especially when you have the likes of J.P. Morgan manipulating the hell out of it. Now, the real question is, if a bunch of the problem with gold was manipulation by big bankers, why would we expect a big bank to treat us better? And the answer is we know much more about Morgan's shenanigans now than we did then.

Look up William Jennings Bryan and his 'Cross of Gold Speech'.

[sratiug]

Yeah, true. Still, you'd think people would have learned from that experience and incorporated it into schooling. Somewhere along the way, the system got ripe for another attempt at a central bank, and I just wonder when the complacency started to kick in.

I don't think education was near the government managed indoctrination machine that it is today, but I could be wrong.

It appears Hamilton was a product of "King's College", chartered by King George II, which later became Columbia University.
http://www.alexanderhamiltonexhibition.org/about/McCaughey%20-%20Edusof%20Hamilton.pdf