4 ms·
This is also naive. The federal reserve is a joint org of government and banks. There is no separation of government and banking power when it comes to curren
by jpadkins 7y ago
This is also naive. The federal reserve is a joint org of government and banks. There is no separation of government and banking power when it comes to currency in the US. In 1913, they agreed to control it together (run by the banks, oversight by federal government).