The main reason the FED was created was just to provide confidence during recessions to avoid bank runs. This way the banks don't need to worry about their fractional reserve.
Why private banks are going to want to create an entity to control them? Because is there to protect them
Hi, it's Me
npub1ar…yhmpt
2024-10-06 16:00:18 UTC
in reply to nevent1q…g2xt
Author Public Key
npub1ar0xlmrvpzvdczpc966he5q9rksyyfmggxu5ytrfplz3apptzj8q7yhmptPublished at
2024-10-06 16:00:18 UTCEvent JSON
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