This is an opinion editorial by Kudzai Kutukwa, a financial inclusion advocate and Mandela Washington fellow.
Throughout American economic history, there has been a constant drive toward centralization, as evidenced by the many attempts to establish a central bank in the United States. From Alexander Hamilton's “Federalist Papers” to President Andrew Jackson's fierce battle against the Second Bank of the United States and the ultimate creation of the Federal Reserve in 1913, the allure of consolidating financial power has shaped the nation's monetary landscape.
