Back in 1988, George Selgin wrote a revolutionary book, The Theory of Free Banking, arguing that there is no need for a government central bank to control money and credit in the economy.
He has not changed his mind in the intervening years. Here is a recent interview with Selgin published by, strangely enough, the Federal Reserve Bank of Richmond. (This might get the Richmond Fed voted off the island!)
The socialists/fascists in America want people to believe that our economic troubles are rooted in what’s left of capitalism. In truth, they’re rooted in governmental control over money and credit.
