Federal Reserve Bank Nominees to Decide Fate of Economy

Federal Reserve Bank Nominees to Decide Fate of Economy

Recently, the U.S. Senate approved President Obama’s nominees for the Federal Reserve’s Board of Governors with Stanley Fischer, Lael Brainard and Jerome Powell, who are reported by the Washington Post to decide the fate of the U.S. economy this month. Fischer is a former governor of the Bank of Israel, Brainard is a former U.S. […]

Federal Reserve System Celebrating 100 Years of Funny Money

Federal Reserve System Celebrating 100 Years of Funny Money

On December 23, 2013, the Federal Reserve System will celebrate 100 years of centralized banking and printing funny money. The creation of the Fed marked the beginning of America’s rampant inflation rate. For the first 125 years of American independence, inflation of any significance did not occur. What $1.00 purchased in 1789 could be had […]