Conclusion
The financial elites of this country, notably the Morgan, Rockefeller and Kuhn-Lebb interests, were responsible for putting through the Federal Reserve system, as a governmentally created and sanctioned cartel device, to enable the nation's banks to inflate the money supply in a coordinated fashion, without suffering quick retribution from depositors or note holders demanding cash.
Recent researchers, however, have also highlighted the vital supporting role of the growing number
of technocratic experts and academics who were happy to lend the patina of their allegedly
scientific expertise to the elites' drive for a central bank.
To achieve a regime of big governments and government control, power elites cannot achieve
their goal of privilege through statism without the vital legitimizing support of the supposedly
To achieve the Leviathan state, interests seeking special privilege and intellectuals
offering scholarship and ideology must work hand in hand.