Étude | 15/04/1999
"The approach to this report was journalistic, starting with the basic outline, which is built around ten very frequently asked questions :
- What is the legal-constitutional basis for the Federal Reserve System's power?
- How is the Fed structured today?
- Why did it take 122 years to get there?
- To whom is the Fed accountable?
- Why have the Fed's strongest critics been unable to significantly change the way it operates?
- What accounts for the memorable impact of William McChesney Martin, Jr.?
- What motivated and helped Paul Volcker to successfully combat double-digit inflation, while presiding over a recession?
- Why and how has Alan Greenspan remained so popular?
- Where do the media fit into the Fed's approach to accountability?
- Can the Fed provide any lessons for other democracies?"
Source: http://www.notre-europe.eu/en/axes/europe-and-world-governance/works/publication/the-american-federal-reserve-system-functioning-and-accountability/
[Mrt: Note - this is by NotreEurope and it debunks very many conspiracy theories.
This time I am not gonna to extract some teasers, just go and read it, you will find out that the ECB is most democratic/independent of CBs, about the topics presented above and much more...
For Wendy and her research on Central Banking.]
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