My previous post (on December 23) described the origins of the Federal Reserve System, which just celebrated its 100th anniversary. Centralizing bank reserves in the central bank, appropriately called the Federal Reserve System because of that was designed to prevent cash or reserve shortages in one or more banks from being transmitted to other banks […]
via Bob McTeer's Economic Policy Blog http://economyblog.ncpa.org/more-on-the-evolution-of-the-federal-reserve-at-100/
via Bob McTeer's Economic Policy Blog http://economyblog.ncpa.org/more-on-the-evolution-of-the-federal-reserve-at-100/
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