Cobden Centre fellow John Phelan has written an article for US edition of the Wall Street Journal – The 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.
Paste the title into the Google search bar and you can access the entire article.
Mr. Howard, thanks for the tip. Even 3 weeks later, your suggestion worked like a charm.
Comments are closed.