See here and here for part 7 of this series. A monetary revolution occurred between 1861 and 1864 with the introduction of several kinds of unconstitutional paper monies by the U.S. government and the buildout of the National Banking System and its National Currency. The focus here is on these monies, this system, and the revolutionary corporative state that was born at that time in the monetary sector, as we continue our trip through Edwin Vieira Jr.’s Pieces of Eight. This article also analyzes the infamous logic of Charles Evans Hughes in a gold seizure case in 1935. Coming up next is the Federal Reserve System.

The Best of Michael S. Rozeff