#1: Seven Reasons to Abolish the Federal Reserve. Through its capacity to create money from nothing, Griffin argues that the Federal Reserve is not only incapable of achieving its stated objectives, but instead creates economic instability, encourages war, and ultimately acts as an instrument of totalitarianism. In The Creature from Jekyll Island, Edward Griffin forensically set outs the dangers of the Federal Reserve, fiat money and the fractional-reserve banking system. In 1910, a small group of individuals that made up over a quarter of the world’s wealth met and gathered on a small island off the coast of Brunswick to agree the blueprint for the Federal Reserve. Get the book: Paper | eBook The Book in a Nutshell
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