The Oddity of the Federal Reserve

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Such an interesting creature the Federal Reserve is. Cleverly named absent the words “central bank” this century old American institution has, in some ways, flown under the radar, shielded from revision.

Though that’s not to say that the Fed hasn’t received plenty of flak from a handful of political niches over the years for its liberty-deteriorating exploits, most notably from the libertarians. That…

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