The Panic that Led to The Federal Reserve (eBook, ePUB) - Pacello, Bill
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  • Format: ePub

The panic of 1907 once again revealed the fragility of New York City's economy. This prompted the money managers to devise a scheme that would perpetuate the misfeasance. That scheme was the Federal Reserve system, which has normalized deficit spending at all levels of government. Ever since, the fiscal irresponsibility has become nationwide and in many urban areas.

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Produktbeschreibung
The panic of 1907 once again revealed the fragility of New York City's economy. This prompted the money managers to devise a scheme that would perpetuate the misfeasance. That scheme was the Federal Reserve system, which has normalized deficit spending at all levels of government. Ever since, the fiscal irresponsibility has become nationwide and in many urban areas.

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