Larry White on Gold, Fiat, and Bitcoin: Determining the Ideal Monetary Standard
Macro Musings with David Beckworth
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The History of the Federal Reserve System
Many single banks, they come under the scene because they're there to support the government. The Bank of England is created in 1694 as a device to enable the British government to borrow more money from creditors who had become reluctant to lend to it. And that's the history of most central banks. As you said, the US is a little different in that original mission of the Federal Reserve system is different. It's to solve the problem of financial panics and not to play a fiscal role.
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