limachaves on Nostr: I started "The Genesis Book: The Story of the People and Projects That Inspired ...
I started "The Genesis Book: The Story of the People and Projects That Inspired Bitcoin", by Aaron van Wirdum, without expecting much. But what a book. Amazing synthesis power and such breadth of coverage.
"Originally established to act as a lender of last resort about a century earlier, the Federal Reserve had been manipulating interest rates for almost as long. Now, it also started picking winners and losers in the market with bailouts, and even began allocating resources throughout asset markets via QE. The central bank’s mandate had over time expanded to include tasks that could equally well describe the types of duties more commonly attributed to Soviet-style central planners."
"Originally established to act as a lender of last resort about a century earlier, the Federal Reserve had been manipulating interest rates for almost as long. Now, it also started picking winners and losers in the market with bailouts, and even began allocating resources throughout asset markets via QE. The central bank’s mandate had over time expanded to include tasks that could equally well describe the types of duties more commonly attributed to Soviet-style central planners."