Fed propaganda from the 1920’s

Liberty Street Economics, the blog bought to you by the Federal Reserve Bank of New York, ran a piece a month ago showing Fed ‘advertisements‘ from the 1920’s.

Liberty Street Econ looks back on this with a quaint nostalgia, ignoring, as of course it would, the fact that these posters are complete propaganda at a time when people still needed convincing of the need for a central bank.  Would that it would still need these posters today, because at least it would mean that people didn’t uniformly and unquestioningly accept the existence of the Fed and central banking general.

Either way you look at it, the posters (and much else) worked and the Fed became the darling of the public for the next 90 years… That is until Ron Paul and others started gaining popularity for their END THE FED campaign in the wake of a financial crisis that the central bankers didn’t even see coming even though they created it!

Here’s one of the posters…

See all the posters here.

[Thanks LRC]