In 1913, the Federal Reserve Act, the 16th Amendment, and the 17th Amendment were all passed in the United States

Overview Debates Related claims Topics

In the United States, privacy is considered a foundational principle and a prerequisite for the Bill of Rights

Members of the Trump administration are openly reviving the economic principles of Alexander Hamilton

President William McKinley, assassinated in 1901, is described as the last "American system" president

Sun Yat-sen's "Three Principles of the People" were based on Abraham Lincoln's Gettysburg Address

British institutions like Chatham House were established to make the United States an enforcer of British imperial policies

Following World War I, the United States increasingly came under the influence of British imperial policy

The 17th Amendment established the direct election of U.S. senators by popular vote, rather than by state legislatures

The United States has become less of a representative republic and has increasingly centralized power since 1913

Since the late 1990s, both major political parties have consistently grown the US deficit and national debt

The United States had a budget surplus in 1997 and 1998

The US budget deficit was reduced under President Bill Clinton due to constraints imposed by Newt Gingrich's Congress

Since the US left the gold standard, nearly every politician has contributed to increasing the national debt

During the 1929 crash, President Hoover prevented companies from firing workers or lowering wages, which worsened the depression

After the post-World War I recession, the U.S. economy recovered quickly because the government allowed businesses to liquidate

The United States had zero inflation for 170 years before the Federal Reserve was created

The Federal Reserve's policy of capping Treasury yields in the 1940s lasted for nine years until the 1951 Treasury-Fed Accord

The U.S. Treasury has conducted similar bond buyback programs in the past, including in the early 2000s.

The United States has implemented yield curve control at various points in its history.

The United States experienced a period of flirting with communism during the 1930s and 1940s.

Robert Putnam's book "Bowling Alone" surveys the decline of American social engagement and social capital from the 1950s onward.