"I am a most unhappy man. The growth of the nation and all our activities are in the hands of a few men. We have come to be one of the most ruled, one of the most completely controlled and dominated Governments in the civilized world. No longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men."
Woodrow Wilson, US President 1913-1921, speaking about the Fed