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The Illusory Bargain: Liberty in the Aftermath of the 17th Amendment
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Out-of-control debt. Populism. Political vitriol and corruption. Where did America go wrong? Or rather, when did America go wrong? 1913. The Seventeenth Amendment is ratified, allowing the people of America to vote directly for their senators in the US senate. The same year, the Federal Reserve Act is passed, establishing a central bank to oversee monetary policy. In The Illusory Bargain, Ralph H. Lehman demonstrates that these seemingly empowering and people-serving pieces of legislature w...