Is it the prerogative of the Federal Reserve to guide and protect the American economy? What tools and strategies have they nominally employed in order to effect this in the short and long-term? What is their legacy in the 20th century, and how should the understandings of their work in the past century help inform the reliance of Americans to continue looking unto that same ‘non-Federal,’ Federal Reserve in the 21st century? Created in 1913 through an act of Congress, the Federal Reserve is an independent bank that centralizes its influence of monetary power in an administrative role amongst all major American banks, wherein they set interest rates, inform the Federal Government on strategies they deem proper for the domestic economy, can print money, and control the purchasing power of the U.S. dollar,—this having a global effect on the global flow of money. Likewise, as a central bank, the Federal Reserve can work in consortium with other central banks from other nations in...
For The Good Of The American Family & Individual: Youth, Adults, & Senior Citizens