Finance vs. Independence at the Fed

Richard Smith is a historian who is doing a biography about my mother’s cousin.
Here is his timely piece about the corrupting influence of finance on the Fed — in particular about A. P. Giannini got Truman to remove Marriner Eccles from his position as chairman of the Fed. So much for independence.

Smith, Richard H. 2010. “Breaking News (From 1948): Banking Mogul Ousts Fed Chairman.” Huffington Post (28 January).

1 comment so far

  1. Online Shopping For Finance on

    This biography sounds very interesting, please keep us posted as to its development and when it might be published. I always find it interesting to know what behind the sceness manouvering there has been to reach a certain decision.

    Online Shopping For Finance

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: