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The Federal Reserve is one of the most powerful institutions destroying the U.S. economy and facilitating the never-ending expansion of government power and war, explains economist and Mises Institute President Thomas DiLorenzo in this interview on Behind The Deep State with The New American magazine’s Alex Newman. 

DiLorenzo, a former economics professor and author of many books on the subject, also goes into the shadowy origins of the privately owned bank as mega-bankers and power elites gathered in secret to create it. DiLorenzo explains in detail how the Fed’s manipulation of interest rates is extremely destructive. He also highlights the fact that its inflationary currency creation is hurting everyday people for the benefit of the powerful. 

The Fed’s destructive role must be understood, and sound money must be restored, he argues.  

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