Originally published 02/10/2016
Is Bernanke right?
Originally published 06/24/2013
Roger Lowenstein is writing a history of the Federal Reserve.ONE hundred years ago today, President Woodrow Wilson went before Congress and demanded that it “act now” to create the Federal Reserve System. His proposal set off a fierce debate. One of the plan’s most strident critics, Representative Charles A. Lindbergh Sr., the father of the aviator, predicted that the Federal Reserve Act would establish “the most gigantic trust on earth,” and that the Fed would become an economic dictator or, as he put it, an “invisible government by the money power.”
- Steve Fraser says Trump is sui generis
- The Historian Whitewashing Ukraine’s Past
- Andrew Roberts wins $250,000 prize from the conservative Bradley Foundation
- Daniel Aaron, Critic and Historian Who Pioneered American Studies, Dies at 103