The case against the Fed

"By far the most secret and least accountable operation of the federal government is not, as one might expect, the CIA, DIA, or some other super-secret intelligence agency. They are accountable: a Congressional committee supervises these operations, controls their budgets, and is informed of the covert activities. It is little known that there is a federal agency that tops the others in secrecy by a country mile. The Federal Reserve System is accountable to no one; it has no budget; it is subject to no audit; and no Congressional committee knows or, or can truly supervise, its operations. The Federal Reserve, virtually in total control of the nation's vital monetary system, is accountable to nobody--and this strange situation, if acknowledged at all, is invariably trumpeted as a virtue"--Page 4 of cover

Introduction: money and politics -- The genesis of money -- What is the optimum quantity of money? -- Money inflation and counterfeiting -- Legalized counterfeiting -- Loan banking -- Deposit banking -- Problems for the fractional-reserve banker: the criminal law -- Problems for the fractional-reserve banker: insolvency -- Booms and busts -- Types of warehouse receipts -- Enter the central bank -- Easing the limits on bank credit expansion -- The central bank buys assets -- Origins of the Federal Reserve: the advent of the national banking system -- Origins of the Federal Reserve: Wall Street discontent -- Putting a cartelization accross: the progressive line -- Putting a central bank across: manipulating a movement, 1897-1902 -- The central bank movement revives, 1906-1910 -- Culmination at Jekyll Island -- The Fed at last: Morgan-controlled inflation -- The New Deal and the displacement of the Morgans -- Deposit "insurance" -- How the Fed rules and inflates -- What can be done?