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The New York Sun/Editorial/3-21-2023
“With the world beguiled by the predicament of the Federal Reserve — whether to raise interest rates to fight inflation or lower them to ease the banking crisis — this is a moment to reprise why Congress created the central bank in the first place. Monetary sage Edwin Vieira, Jr., reminds us that the Fed was formed at the acme of the Progressive Era to rationalize finance and prevent banking crises. Just like the one we have today.”
USAGOLD note: This retrospective on the founding of the Fed in 1913 is a good companion piece to the one posted above from Zero Hedge.
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