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books "A WRIT FOR MARTYRS" and "MY LIFE IN CHRIST". My family also
suffered harassment. When I spoke recently in Wembley Arena in
London, the press denounced me as "a sinister lunatic".
Q: Does the press always support the Fed?
A: There have been some encouraging defections in recent months. A
front page story in the Wall Street Journal, Feb. 8, 1993, stated, "The
current Fed structure is difficult to justify in a democracy. It’s an oddly
undemocratic institution. Its organization is so dated that there is only
one Reserve bank west of the Rockies, and two in Missouri...Having a
central bank with a monopoly over the issuance of the currency in a
democratic society is a very difficult balancing act."
Congressman McFadden
on the Federal Reserve Corporation