As usual, Dr. Sowell writes the truth backed by facts. The US Treasury has not had control of the money supply since passage of the infamous Federal Reserve Act of 1913, which was passed under dubious Constitutional authority. Doubt me? Read the Congressional Record pertaining to the bill. Very interesting reading.
It is my opinion, along with many others, that what happened in the Weimer Republic during the 1920's was nothing more than an accelerated experiment conducted by the proponents of the New World Order to see what the effects of massive inflation would have on the economy of a country.