ano protect himself against looking like he was ig narpt, he read the sours suggested by henry haslet, a book about pper money and inflation in france. he had livedhrough the grnbacsm piodse ter iv war. he was a up and coming businessman and inventer, and he'd been through the crisis of 1907. so a lot of this was personal knowledge to him. he didn't have to bto wtch oufodinio me haatnssn that the dollar had to be backed, or he felt that it had to be backed by something real. now, gold was the backing of the dollar of the day. so he arted by learningbo the gold standard and the gold syem. t tetoha t deay banking system like your corner banks, your retail banks, your commercial banks. and then overseeing them since 13, really 1914 -- on amere fel rvst te by the federal government to kind of be a bank for bank yet they really hadn't had time to operate in aon-war period to really know how they were going to act foraso anthetrre creation of the federal reserve itself was the evidence of the longstanding distrust of centrazed power, whether it centralized private power in the pu wer iaston