The Fed made this momentous, inherently political, decision on its own, without the approval of the Congress. It did not ask Congress for legislative approval and no hearings on this debatable proposal about the nature of money were held.
The Fed made this momentous, inherently political, decision on its own, without the approval of the Congress. It did not ask Congress for legislative approval and no hearings on this debatable proposal about the nature of money were held.
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