Time to Make the Fed a Public Utility
December 23rd, 2013, marks the 100th anniversary of the Federal Reserve, warranting a review of its performance. Has it achieved the purposes for which it was designed?
The Federal Reserve: An Insight into the Most Powerful US Economic Body
Initially the Congress had established three major objectives for monetary policy: maximum employment; stability of prices and interest rates in the long term being moderate. Most often the first two…