Quote:
Originally Posted by mgburg
Sorry Jolly, as right as you think you are, it started a bit sooner than that.
Try December 23, 1913, with the passage of the Federal Reserve Act.
Oh, BTW, the FRA was passed by a Democratically-controlled Congress and a Democratic President, along with a lot of other crap.
There's your fly in the ointment.
Happy salving! 
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Yep, the first wave of the Progressives. Woodrow Wilson was another academic, no executive experience POTUS, pretty much the same as B.O.