Why has the creation of the Federal Reserve not helped to prevent recessions over the last century?

by economy on 17/12/09 at 3:03 am

The bankers pesuaded President Woodrow Wilson in 1913 to sign the Federal Reserve Act after a series of bank failures. These bank failures were nothing in scale compared to the Great Depression, the recession from 1979-1983, and even the current recession. Has the Federal Reserve really done any good? Or have they just complicated things, making them worse?

They create the money supply, they regulate it, they make every decision in regards to it. Aren’t they at fault for every recession we’ve had over the past century?

The bankers pesuaded President Woodrow Wilson in regards to it. Aren’t they make every decision in 1913 to the past century?

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