Tag: fed

  • Best Explanation of the Federal Reserve

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    Why Economists Love the Federal Reserve
    by Gary North

    Reality Check (March 29, 2011)

    The Federal Reserve System is the central bank of the United States. It was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years, its role in banking and the economy has expanded.
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