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Aug 2, 2017 at 2:59 comment added user662852 If the OP "can hardly believe that it did manage to survive for almost a century" check out how monetary policy worked in the US for the century before the Fed. For example, you don't see political parties named for monetary policy anymore (Greenback, Free Silver, etc). en.wikipedia.org/wiki/Greenback_Party
Aug 2, 2017 at 2:28 history closed Chris W. Rea
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Aug 1, 2017 at 23:11 review Close votes
Aug 2, 2017 at 2:28
Aug 1, 2017 at 22:53 history protected Chris W. Rea
Jan 8, 2011 at 15:32 history edited Chris W. Rea CC BY-SA 2.5
deleted 23 characters in body; edited tags; edited title
Jan 8, 2011 at 7:22 comment added mbhunter Completely opposite to Matthew Read's comment, I recommend a course in Austrian economics. It will expose the Fed for what it is: a bunch of large banks that exist for the benefit of a bunch of large banks.
Jan 8, 2011 at 7:21 comment added mbhunter "Who does the Fed report to?" That's a very good question indeed.
Jan 8, 2011 at 2:37 answer added duffbeer703 timeline score: 7
Jan 7, 2011 at 23:03 vote accept matcheek
Jan 7, 2011 at 19:44 comment added matcheek It's not the fact that it's central that bothers me, rather the fact that this is a profit-driven institution, isn't it? Also it has a very bizarre foundations.
Jan 7, 2011 at 19:04 answer added Muro timeline score: 3
Jan 7, 2011 at 18:33 comment added Matthew Read Every country has a central bank. (Well, maybe not every, but literally 99% of all countries, and every major one). There's nothing special about the Fed. I recommend a course in Keynesian macroeconomics :)
Jan 7, 2011 at 18:30 answer added Randy Minder timeline score: -1
Jan 7, 2011 at 17:15 answer added John Weldon timeline score: 8
Jan 7, 2011 at 17:06 history asked matcheek CC BY-SA 2.5