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Federal reserve

Federal reserve
The Federal Reserve System (also known as “the Fed”) has faced various criticisms since it was authorized in 1913.[1]Nobel laureate economist Milton Friedman and his fellow monetaristAnna Schwartz criticized the Fed’s response to the Wall Street Crash of 1929 arguing that it greatly exacerbated the Great Depression.[2] More recent prominent critics include former Congressman Ron Paul.[3] [...]