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April 27, 2015 at 10:20 am
#18593
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The First Bank of the United States was an instrument of monetary inflation and credit expansion. It was a proto-central bank and therefore, not a different idea but a less extreme version of the same idea.
Here is Murray Rothbard’s assessment from his book, A History of Money and Banking in the United States:
https://mises.org/library/8-first-bank-united-states-1791-1811
Here’s more information on the FBUS: