[ChrisLomont]

Are you claiming the Fed caused the wars?

Do you care to contrast your implications to periods without the Fed? How many depressions? How many wars?

The Great Depression showed pretty conclusively the folly of a non-fiat currency, since the Fed was still tied by the gold standard, as were many other countries. The distinction between length of depression with and without fiat money was the nail in the coffin for things like gold standards. The results of modern monetary policy during the Great Depression is what led to every single country in the world dropping the gold standard.

Evidence beats speculation in the long run every time.