Tag Archives: Federal Reserve Act

Why Did They Call It The "Federal Reserve" System?

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One hundred years ago today President Wilson signed the Federal Reserve Act, thus creating the Federal Reserve System, our central bank. It wasn’t called the Bank of the United States, following the...
    






100 Years Later, The Federal Reserve Has Failed At Everything It’s Tried

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On Dec. 23, 1913, President Woodrow Wilson signed the Owen Glass Act, creating the Federal Reserve. As we note its centennial, what has the Fed accomplished during the last 100 years? The stated...