Hi again.

Capitalism, as practiced in the U.S. allowed the FED to be enacted.

Sorry, but your knowledge of capitalism "as practiced in the U.S." allowing the FED's inaction is not accurate for the the questionalby-true-to the-Constitutution Woodrow Wilson is the harbinger of that monstrosity.

Wilson was by his record and his deeds both no friend of America nor of freedom. It was through his deliberate efforts, aided and abetted by the mysterious Col. Edward Mandell House, his unusually close advisor, that the FED was brought into being and from that time the value of the dollar was in freefall, so much so that its purchasing power has fallen a full 98%. If you think my figure extreme, look it up yourself. This was no product of capitalism.

There are various quotes attributed to Wilson about his regret after invoking the existence of the FED but most are unattributed and thus probably false or at least exaggerated. But there are some things he did say which are reliably catalogued and I quote:

Below is what one can actually derive from connecting together two passages from The New Freedom, Wilson's book:

A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men ... [W]e have come to be one of the worst 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 the duress of small groups of dominant men. All of the above is from Woodrow Wilson's The New Freedom: A Call for the Emancipation of the Generous Energies of a People (New York and Garden City: Doubleday, Page & Company, 1913).[1] In this same work, Wilson also wrote the below: Since I entered politics, I have chiefly had men's views confided to me privately. Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it. 206.148.136.60 18:58, 22 October 2006 (UTC)

It doesn't really matter who said it, the point is that it is true, the federal government and federal reserve create a monarchy as opposed to a democracy. That is NOT capitalism and most certainly did NOT "allow" the FED to be enacted.