The professional custodians of American views of history have always named the same presidents as "great." It's always the presidents who abused power frequently, and expanded government power the most.
As flaws in the system of fractional-reserve free banking began to appear, private central bank-like institutions known as clearinghouses sprang up, and they helped pave the way for the Fed.
Mises escribió este ensayo en 1940 desde Ginebra, donde vivió después de que los nazis lo forzaron a salir de Austria y su departamento fue saqueado por tropas alemanas.
