lowercase liberty » Blog Archive » 94 years and counting

Father of Benjamin, husband of Nathalie, BK Marcus works from Charlottesville, Virginia, as managing editor of Mises.org.

He is no longer a house husband, nor a faculty spouse, but he is a homeschooling father, which is much cooler.

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"It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance."

– Murray Rothbard

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94 years and counting

December 23rd, 2007 by

bkmarcus

~~$10~~ $7

Writing about It’s a Wonderful Life’s George Bailey and his fractional-reserve banking, I somehow failed to notice that today marks the 94th anniversary of the signing by President Woodrow Wilson of the Federal Reserve Act, the law that created the central banking system of the United States.

The Mises Institute put together a movie about the Federal Reserve, which you can buy on DVD for $15 or watch for free on YouTube.