THE SOVEREIGN LEDGER™ #173 — AMERICA BUILT THREE CENTRAL BANKS. EACH ONE LEFT THE JOB IT WAS HIRED TO DO. | Part 1 of 2: The Origins, 1791–1913

Part 1 of 2. America built three central banks, and each one left the job it was hired to do. From Hamilton’s First Bank and Jackson’s 1832 veto to the Independent Treasury, the Panic of 1907 and the Federal Reserve Act of 1913: the Hamilton–Jackson argument that still sets the price of money in 2026.