Tuesday, December 17, 2013

Federal Reserve

The fed turns 100 next week.
"One would think this anniversary would elicit some sort of public recognition of the Fed’s growth from a quasi-agent of the Treasury Department intended to provide an elastic currency, to a de facto independent institution that has taken complete control of the economy through its central monetary planning. But just like the Fed’s creation, its 100th anniversary may come and go with only a few passing mentions."
I bet it gets mentioned a lot at Mises.org and LewRockwell.com.

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