Carroll Quigley — American Writer born on November 09, 1910, died on January 03, 1977

Carroll Quigley was an American historian and theorist of the evolution of civilizations. He is noted for his teaching work as a professor at Georgetown University, for his academic publications, and for his research on secret societies... (wikipedia)

The argument that the two parties should represent opposed ideals and policies, one, perhaps, of the Right and the other of the Left, is a foolish idea acceptable only to doctrinaire and academic thinkers.
Thus, the use of fiat money is more justifiable in financing a depression than in financing a war.
This persistence as private firms continued because it ensured the maximum of anonymity and secrecy to persons of tremendous public power who dreaded public knowledge of their activities as an evil almost as great as inflation.
In addition to their power over government based on government financing and personal influence, bankers could steer governments in ways they wished them to go by other pressures.
On this basis, which was originally financial and goes back to George Peabody, there grew up in the twentieth century a power structure between London and New York which penetrated deeply into university life, the press, and the practice of foreign policy.