Yep- Hamilton and many others who favored a central bank ultimately are to blame. We imported the practice from the Bank of England, along with fractional reserve banking- a Ponzi scheme and a fraud which should be immediately outlawed.
The Federal Reserve and in fact the global banking cartel are at the root of this, and governments love it because the crisis gives them a pretext for a power grab over free individuals.
The icing on the cake is our departure from the gold standard under Nixon. Fractional Reserve Banking and a gold standard can’t coexist, since one is inherently inflationary and one is honest.