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Ep. 1999 Cronyism: The Untold Chapter of U.S. History

The Tom Woods Show

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What Is the Crony Angle of the Bank of the United States?

The bank of the united states was a federal charter. The government agreed during its 20 year time it would not charter another federal bank. It wasn't just centered in philadelphia, tho the government owned about two million dollars,. And you could purchase the bank's capital with government bonds.

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