BEGINNER

Federal Reserve System

FEBRUARY 28, 2013

Created by the Federal Reserve Act in 1913, the Federal Reserve System is the apparatus that acts as a central bank in the United States. The Federal Reserve regulates the volume of base money in circulation, targets interest rates, sets minimum reserve levels for banks, and acts as lender of last resort during a financial crisis. After the financial crisis in 2008, the Federal Reserve began to pay interest on deposits held at the Federal Reserve and also gained financial regulatory power.

 

Gregory Rehmke - Money and Inflation

 

Steve Horwitz - Inflation

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October 2014

Heavily-armed police and their supporters will tell you they need all those armored trucks and heavy guns. It's a dangerous job, not least because Americans have so many guns. But the numbers just don't support these claims: Policing is safer than ever--and it's safer than a lot of common jobs by comparison. Daniel Bier has the analysis. Plus, Iain Murray and Wendy McElroy look at how the Feds are recruiting more and more Americans to do their policework for them.
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