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The Final Phase: Coping with the Democratic Ascendancy

Summary by Mises Institute
With the Democrats ascendant under Wilson, the reformers repackage the Aldrich Plan as the ostensibly decentralized, government-supervised Federal Reserve—with Morgan-allied interests securing control.

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The Final Phase: Coping with the Democratic Ascendancy

With the Democrats ascendant under Wilson, the reformers repackage the Aldrich Plan as the ostensibly decentralized, government-supervised Federal Reserve—with Morgan-allied interests securing control.

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Mises Institute broke the news on Friday, June 26, 2026.
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