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Progressive legislation began in Teddy Roosevelt’s administration 1901-1909. The Federal Reserve Act wasn’t law until 1913.
Gov’t spending is controlled by Congress. And so is the amount of national debt. The Federal Reserve can’t spend a cent or issue a dollar of gov’t debt.
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And Congressional spending was once controlled by the Constitution.
But, IMO, I put more blame on our gre-gre-gra-parents for voting in the Communists
“And Congressional spending was once controlled by the Constitution.”
That hasn’t changed. It’s why you see Congress authorizing a raise in the debt limit all the time. So that they can indulge their desire to keep spending more.