One hundred years ago today President Wilson signed the Federal Reserve Act, thus creating the Federal Reserve System, our central bank. It wasn’t called the Bank of the United States, following the lead of the Bank of England, and it wasn’t called the Central Bank of the United States. Why such an odd name, the […]
via Bob McTeer's Economic Policy Blog http://economyblog.ncpa.org/why-did-they-call-it-the-federal-reserve-system/
via Bob McTeer's Economic Policy Blog http://economyblog.ncpa.org/why-did-they-call-it-the-federal-reserve-system/
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