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  • Re: Why have a Central Bank?

    Ron, You are quite right about both Rothschild's quote and your statement that Britain does not have a 100% reserve system. Private banks played an extremely important role in financing nations and issuing their currencies in the 19th Century, and the Rothschild's among others profited greatly...
    Posted to Economics Questions (Forum) by PhCrawford on Mon, Sep 15 2008
  • Re: Questions regarding FED's interest rate mechanism

    @ meambobbo What a fantastic and highly detailed response. Thank you kindly, your time and knowledge is very much appreciated . There is a lot to 'chew over' in those replies! Allow me some time to crunch up those points in my mind and I'll get back to you with some more questions if need...
    Posted to Economics Questions (Forum) by fingolfin on Thu, May 22 2008
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