John Hilsenrath, một cây bút có tiếng của WSJ và được đồn đại là "tay trong" của Fed có một bài về tiền tệ (và chính trị) rất đáng đọc:
"The fury surrounding the central bank is as old as the U.S. Before there was a Fed, there was a First Bank of the United States over which the founding fathers deeply disagreed. Alexander Hamilton, a New York banker, strongly advocated for it. Thomas Jefferson, a Virginia farmer, vehemently opposed. George Washington sided with Hamilton. James Madison sided with Jefferson. When Madison became president, he supported a second central bank, which Andrew Jackson later ended. There was no central bank until the Fed was created in 1913 — and during that stretch the booms, busts, panics, speculation and bank runs now blamed on the Fed were even more frequent."
"The fury surrounding the central bank is as old as the U.S. Before there was a Fed, there was a First Bank of the United States over which the founding fathers deeply disagreed. Alexander Hamilton, a New York banker, strongly advocated for it. Thomas Jefferson, a Virginia farmer, vehemently opposed. George Washington sided with Hamilton. James Madison sided with Jefferson. When Madison became president, he supported a second central bank, which Andrew Jackson later ended. There was no central bank until the Fed was created in 1913 — and during that stretch the booms, busts, panics, speculation and bank runs now blamed on the Fed were even more frequent."
The most recent furor over the Fed’s potential for money-wrecking raises an important question: What exactly is money and how do you destroy it?
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