In the history of American politics, the statists have always been advocates of a central bank, whereas the defenders of liberty — libertarians — have opposed it. Legalized governmental counterfeiting has always been every totalitarian’s dream and every right-minded libertarian’s nightmare. A Federal Reserve publication entitled “A History of Central Banking in America” correctly calls …In the history of American politics, the statists have always been advocates of a central bank, whereas the defenders of liberty — libertarians — have opposed it. Legalized governmental counterfeiting has always been every totalitarian’s dream and every right-minded libertarian’s nightmare. A Federal Reserve publication entitled “A History of Central Banking in America” correctly calls …