I happened across a blog post by Infowars that gave 25 “facts” about the Federal Reserve that everyone should know about. Taking a quick glance I saw how absolutely uninformed this list was. I decided to take a moment to go through this list and show you how little the Infowars/conspracy people actually know about the state bank. In multiple places I point out how other central banks do not behave or work the same way the Federal Reserve does. The reason for this is because the Infowar/conspiracy people or libertarians believe that all central banks operate the same way. This is not true and important to mention when discussing the Fed itself.
#1 “The greatest period of economic growth in U.S. history was when there was no central bank.”
The period it is referring to is from the Civil War to 1913. In fact this is true. The problem…
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