The History and Dangers of Central Bankers

Show Notes

In this clip, renowned economist Judy Shelton shares a brief history of the origins of the U.S. central bank, including the fascinating debate between Alexander Hamilton and Thomas Jefferson. President George Washington, faced with opposing views from his top advisors, ultimately sided with Hamilton and approved the creation of a central bank, despite Jefferson’s warnings of federal overreach, financial elitism, and the erosion of state sovereignty. This early battle between centralized financial power and individual/state autonomy echoes today, especially in modern debates around the Federal Reserve, Bitcoin, and the future of monetary policy. Watch my full interview with Judy for more insights into the inner workings of our financial system.