Power Without a Mandate

You will hear people say “End the Fed!” or “Audit the Fed!”

It’s probably time.

A Creature of Convenience

The Federal Reserve—affectionately known as “the Fed” by economists and loathed by anyone who’s watched their savings devalue—was born in 1913 under the guise of stability. Market crashes and banking panics were frequent, and Congress, with the help of elite bankers, cooked up a hybrid beast. It would be part-government, part-private, entirely powerful, and almost totally unaccountable.

Why the Fed Exists (The Rationale)

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