xard777 wrote: Sun Jun 12, 2022 8:06 am The Federal Reserve is an independent entity established by the Federal Reserve Act of 1913. At that time, President Woodrow Wilson wanted a government-appointed central board, but Congress wanted the Fed to have 12 regional banks to represent America's diverse regions. The compromise meant that the Fed has both. Coincidently, 1913 was the last time that the Dollar was worth one Dollar.
Xard777

Also, this time period (1913) was when US citizens were informed that they would have to start paying taxes to pay for the accumulated interest + debt that would come about from freeing the economy from the gold standard, well, maybe Big government did not put it that way per se :-)))