• Keld [he/him, any]@hexbear.net
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    2 months ago

    the primary motivation for the federal reserve was to moderate interest rates through a central body and prevent bank panics/bank runs

    With the (primary) secondary objective of lowering and raising rates to attempt to coincide business cycles with republican and democratic presidential terms. I feel like the fact that they’ve done this for decades kind gets ignored.

    https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2166647