[lbo-talk] Finance vs. Independence at the Fed
michael perelman
michael at ecst.csuchico.edu
Thu Jan 28 20:29:13 PST 2010
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).
http://www.huffingtonpost.com/richard-h-smith/breaking-news-from-1948-b_b_439398.html
--
Michael Perelman
Economics Department
California State University
Chico, CA
95929
530 898 5321
fax 530 898 5901
http://michaelperelman.wordpress.com
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