1984 Campaign: 'Our Economy Today-The Federal Reserve Lied to Our President'

On January 29, 1984, Democratic presidential candidate Lyndon LaRouche warned that the continued "independence" of the Federal Reserve system would lead to nothing but a further collapse of the real, physical economy of the United States into a post-industrial rubble heap. Instead, LaRouche insisted on putting the Fed back under constitutional control as a national bank-style credit generation facility to rebuild the nation. The U.S. could then lead the way in the creation of a new, world economic system based on real economic development free of the ravages of private central bank looting.

The visceral, abject rejection of LaRouche's solutions by the corrupt Democratic Party leadership of the period signaled the disastrous transformation of the party of FDR into the party of corporate finance that it is today.

For a digital archive of Lyndon LaRouche's writings, videos and photos, visit https://larouchelibrary.org/