The Fed came into the world on a wave of Progressive Era reform.
Progressive Era reformers rightly targeted corruption among Boss Tweed-type contracts for city work.
This is a shining ideal of the original Progressive Era in which government agencies were rife with patronage and graft.
The Progressive Era, which followed, saw the development of activist government and the first major efforts to limit the impact of money in politics.
Across emerging Asia political concerns about rising inequality are prompting reform, often in ways that echo the changes of the Progressive Era a century ago.
Ironically, today we find that in many cases special interests are working in the bureaucracy, using Progressive Era rules to protect the status quo and themselves.
The Gilded Age was followed by the Progressive Era of tough laws and court actions against Robber Barons who controlled state legislatures and Congress with their anti-trust legislation.
FORBES: Advised Obama Be More Like Teddy Roosevelt On October 29 - Forbes
The decline, he says, began with the Progressive era of the early twentieth century, in particular with the Presidency of Woodrow Wilson, when both the Federal Reserve System and the graduated federal income tax came into existence.
"Peter was in Yes when they were formulating what would become their classic sound and they were as much a figurehead of progressive rock in its classic era as the likes of Genesis, Pink Floyd, King Crimson and Jethro Tull, " he said.
In our era, MoveOn.org, the Progressive online movement, may have signaled the first stirring of a citizens' uprising.
In lieu of a full repeal of the Bush era tax cuts revenue should be raised from those who can most afford it through higher progressive rates.
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