"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
New Documents Show How Power Moved to Wall Street, Via the New York Fed
Submitted by Emmett Harris on Tue, 2013-12-10 01:00
“At a conference of the regional Federal Reserve banks on May 6, 1922, the powerful head of the New York Fed, Benjamin Strong Jr., became the first Chairman of the body that is now known as the Federal Open Market Committee.”
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