#505: A Locked Door, A Secret Meeting And The Birth Of The Fed

7.38 MB

Podcast

Podcaster

Planet Money

The economy explained.

Englisch , Wirtschaft , Nachrichten

Beschreibung

vor 12 Jahren

On today's show, we tell the creation story of the Federal Reserve — one of the most powerful financial institutions on the planet. The story includes a 70-year-old man with a bad head cold and a bunch of mistresses, a nation that's deeply ambivalent about a central bank, and a secret meeting at an island with a sketchy name.