Tuesday, May 12, 2009

The Bankers’ Bank

The Federal Reserve System does more than conjure up money from thin air. (That would be enough!) The Fed is also regulator/protector of the American banking industry. Indeed, as recent events amply demonstrate, we may think of the industry as a government-organized protectionist cartel, with the Fed as the hub. One need look no further for evide

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11-5-2024

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