Commentary  The one thing the central banks were never meant to do was the takeover of our economies. This, unfortunately, is what has happened, and it all begins with the creation of the Federal Reserve, or the Fed in 1914. There had been several attempts to create a national bank in prior decades, but these efforts had failed for a series of reasons. The Panic of 1907, the first American financial crisis of the twentieth century, was a game-changer. The crisis started after banks suffered crippling losses from loans to F. Augustus Heinze and Charles W. Morse, used in a failed cornering attempt of United Copper Company. Bank runs ensued because depositors wanted to move their money from dubious and loss-bearing Heinze-banks to more reliable ones. While the New York Clearing House was able to stem the bank runs by issuing an audit, which stated that Heinze-related banks were “solvent,” …