Authors

Economics

The Fed celebrates its 100th birthday

Cobden Centre fellow John Phelan has written an article for US edition of the Wall Street JournalThe Fed Celebrates Its 100th Birthday (£):

Two days before Christmas in 1913, Woodrow Wilson signed the Federal Reserve Act. The law sought to end bank failures by creating a central banking system. But a century later, the Federal Reserve has become an enabler of the financial havoc it was designed to prevent. A look at the Fed’s history offers some insight into the problems.

For those who can can get past the paywall, it’s an article well worth reading.

2 comments to The Fed celebrates its 100th birthday

Leave a Reply

 

 

 

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Please leave an intelligent and civil reply in your own name.