Tuesday, January 29, 2008

Henry CK Liu, A failure of central banking

A failure of central banking
Before 1913, there was no US central bank to bail out troubled commercial and financial institutions or to keep inflation in check. The near 2,000% rise in prices since then underlines the dismal failure of the Fed to fulfill its role as the nation's monetary guardian. - Henry C K Liu

This is the second part of a series

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