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Macroeconomics 7: The Fed & Volcker's Socks

Planet Money Summer School

CHAPTER

The Aldrich Plan - The American Central Bank

Aldrich and the bankers hole up in this beautiful, empty resort for about a week. They talk about sort of the big challenge that they face in bringing this to the American public. The country is not going to have one central bank in Washington, D.C. It's going to have lots of central banks, little central banks scattered all around the country.

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