A Primer on Money: What is Money, How Is It Created, and the Role of the Federal Reserve

A Primer on Money: What is Money, How Is It Created, and the Role of the Federal Reserve

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Product Details

ISBN-13: 9781945934070
Publisher: Cosimo
Publication date: 02/07/2018
Pages: 158
Sales rank: 889,472
Product dimensions: 5.00(w) x 8.00(h) x 0.34(d)

About the Author

WRIGHT PATMAN (1893-1976) was a U.S. congressman from 1928 to 1975, the chairman of the powerful United States House Committee on Banking and Currency from 1963 to 1975, and a life-long populist in the good sense of the word. He defended the little guy, farmers, veterans, and small businessmen against big business, big chain stores, big banks, and especially the Federal Reserve system. Patman believed that the Federal Reserve, due to it being controlled by private bankers, did not support the interests of Main Street but rather those of Wall Street, and that it therefore should be brought under control by Congress.

The U.S. House Committee on Banking and Currency, named the Financial Services Committee since 1968, was founded in 1865 to replace the Ways and Means Committee. It is a committee from the House of Representatives that oversees the entire financial services industry, the Federal Reserve, the Department of the Treasury, the Securities and Exchange Commission, and other financial services regulators.

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