Truth About the Federal Reserve System: Speech of Hon. Carter Glass, of Virginia, in the Senate of the United States, Monday and Tuesday, January 16 and 17, 1922 (Classic Reprint) - Hardcover

Inhaltsangabe

Excerpt from Truth About the Federal Reserve System: Speech of Hon. Carter Glass, of Virginia, in the Senate of the United States, Monday and Tuesday, January 16 and 17, 1922

I would not have, it imagined, Mr. President, that I purpose to decry fair criticism on the contrary, it is with me a constant prayer to be kept on guard against the streak of iconoclasm which has too evident a place in my own nature. Neither am I disposed to assert the perfection of any economic instrumentality or the infalli'bility of any human agency. It would be amazing if the Federal reserve system had no imperfections, and foolish to assert' that its administration has been devoid of error. What I do say with all the emphasis of which I am capable is that neither malignant nor ignorant misrepresentation will cure the system's defects or render more efficient its administration.

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