Episode 505: A locked door, a secret meeting and the birth of the Fed (Podcast)
- December 20, 2013
- Gary Richardson, economics professor, is featured on NPR December 20, 2013
On today's show, we tell the creation story of the Federal Reserve – one of the most powerful financial institutions on the planet. The story includes a 70-year-old man with a bad head cold and a bunch of mistresses, a nation that's deeply ambivalent about a central bank, and a secret meeting at an island with a sketchy name. Our guests are Liaquat Ahamed, author of Lords of Finance, and Gary Richardson, Federal Reserve System historian and professor at UC Irvine.
Full transcript not available. Audio link available at http://www.npr.org/blogs/money/2013/12/20/255839292/episode-505-a-locked....