Criticism Of The Federal Reserve
The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) has faced various criticisms since its inception. The system was established on December 23, 1913 as a third attempt at central banking in the United States. The Federal Reserve Act was considered to be the solution to the money trust even though elements of the system were conceived by Nelson Aldrich and banking executives.
Read more about Criticism Of The Federal Reserve: Creation, Congress, The Great Depression (1929), Global Financial Crisis, Conservative Criticism, Non-mainstream Economics, Private Ownership or Control, Transparency Issues, Public Opinion
Famous quotes containing the words criticism of, criticism, federal and/or reserve:
“The critic lives at second hand. He writes about. The poem, the novel, or the play must be given to him; criticism exists by the grace of other men’s genius. By virtue of style, criticism can itself become literature. But usually this occurs only when the writer is acting as critic of his own work or as outrider to his own poetics, when the criticism of Coleridge is work in progress or that of T.S. Eliot propaganda.”
—George Steiner (b. 1929)
“Unless criticism refuses to take itself quite so seriously or at least to permit its readers not to, it will inevitably continue to reflect the finicky canons of the genteel tradition and the depressing pieties of the Culture Religion of Modernism.”
—Leslie Fiedler (b. 1917)
“The Federal Constitution has stood the test of more than a hundred years in supplying the powers that have been needed to make the Central Government as strong as it ought to be, and with this movement toward uniform legislation and agreements between the States I do not see why the Constitution may not serve our people always.”
—William Howard Taft (1857–1930)
“I do not know what right I have to so much happiness, but rather hold it in reserve till the time of my desert.”
—Henry David Thoreau (1817–1862)