Morris Dovey wrote:
The Federal Reserve System is a mechanism intended to assist in
maintaining a healthy economy by (as far as I can tell) influencing the
volume and velocity of monetary /flow/.
As I write this, I'm downloading a 29 MB PDF file from:
http://www.federalreserve.gov/pf/pf.htm
so I can learn a bit more...
I just finished skimming their 146-page booklet and wasn't too far off.
I think it's worth the time to read thoroughly just for an understanding
of how the FR affects our lives and how it functions in the context of a
global economy.
The booklet covers Federal Reserve notes... Care to take a wild guess as
to how they're secured? (Does "bank paper" have a familiar sound?)
--
Morris Dovey
DeSoto Solar
DeSoto, Iowa USA
http://www.iedu.com/DeSoto/