Bakunin’s Reviews > A History of the Federal Reserve, Volume 1: 1913-1951 > Status Update
Bakunin
is on page 150 of 808
Interesting. The FED was established as a lender of last resort in 1913 (as an american version of the Bank of England). One difference being that the FED is privately owned, intended to be a private-public partnership with semiautonomous, privately funded reserve bank supervised by a public board.
— Jun 06, 2014 12:21AM
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Bakunin’s Previous Updates
Bakunin
is on page 200 of 808
Interesting. The FED was established as a lender of last resort in 1913 (as an american version of the Bank of England). One difference being that the FED is privately owned, intended to be a private-public partnership with semiautonomous, privately funded reserve bank supervised by a public board.
— Nov 15, 2014 01:33AM
