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Real-World Economics Review

Dean Baker 03 Feb 2012 pt 4

Dean Baker, Progressive Economist, contends that, absent the Fed, the J.P. Morgans would dominate the economy. As though the Fed is not a fig leaf for the domination. Takes a swipe at the media.

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Dean Baker 03 Feb 2012 pt 3

Dean Baker, Progressive Economist, defends the idea of central banking in general, though not our Federal Reserve. Contrasts Spain and Britain's situation with central bankers. Enumerates bank collapses in the pre-Fed era. Regret that I was too close to the steps, as the feet are stepping on the background.

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