Hi, it's Me on Nostr: The main reason the FED was created was just to provide confidence during recessions ...
The main reason the FED was created was just to provide confidence during recessions to avoid bank runs. This way the banks don't need to worry about their fractional reserve.
Why private banks are going to want to create an entity to control them? Because is there to protect them
Published at
2024-10-06 16:00:18Event JSON
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