CUs distribute wealth more evenly than banks
I’ve already posted other thoughts from reading Secrets of the Temple, a decidedly left-leaning book. One last note. A notion referred to several times in the book is that banking, generally, distributes wealth up the economic ladder—a point that’s difficult to disagree with. It goes like this: The wealthy deposit their excess funds into a financial […]
Thoughts after reading “Secrets of the Temple: How the Federal Reserve Runs the Country”
As I edited Lynn Kuehne’s book early last year, his numerous references to the book Secrets of the Temple, by William Greider, led me to read the book. I thought I’d offer up some observations after reading the 700-page monster. Overview The book chronicles the late 1970s and early 1980s, when the Federal Reserve pushed […]
