Fed, Banking Regulations, Capital Flow, Crisis, Part 19
This article analyzes the Federal Reserve System, deficit financing, government backed bonds and securities, paper money, budget deficits and sovereign debt, in the light of experience of Great Recession of 2008-2009. Explores the history of the formation of Fed. Uncovers the partnership between big banks and government, in the form of Federal Reserve System. Explains, how Fed is responsible for repeated bubbles, deficits, and credit and debt crises in our economy.
