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The Creature from Jekyll Island: A Second Look at the Federal Reserve - Paperback
$31.50
by Edward Griffin (Author)
The Creature from Jekyll Island: A Second Look at the Federal Reserve is a study of the origins and operation of the Federal Reserve System by G. Edward Griffin (b. 1931), the American author, filmmaker, and lecturer. First published in 1994 and subsequently revised through several editions, the book presents Griffin’s account of how the central bank was created and what he regards as its effects on the American economy and political system.
Griffin reconstructs a November 1910 meeting on Jekyll Island, Georgia, at which he states that representatives of major banking interests drafted the plan that became the Federal Reserve Act of 1913. He argues that the Federal Reserve functions as a private banking cartel operating under the appearance of a government agency, with the power to expand the money supply through fractional-reserve banking and open-market operations. The book examines the System’s role in the financing of the First World War, the credit expansion that preceded the 1929 crash and the Great Depression, and later episodes of inflation and boom-bust cycles. Griffin contends that the arrangement transfers wealth from the public to financial interests and that it should be abolished and replaced by a system of free-market banking and sound money.
Sovereign Archive Publishing is proud to offer this widely circulated critique of the Federal Reserve. The Creature from Jekyll Island remains essential reading for those interested in learning more on the history of central banking in the United States, monetary policy, and the literature of Federal Reserve reform.
Number of Pages: 626
Dimensions: 1.25 x 11 x 8.5 IN
Illustrated: Yes
Publication Date: September 03, 2018