Why didn't it work? Since it hasn't worked why should we continue to be their slaves?
I wasn't alive in 1913, you're asking the wrong person.
See, you can't defend it. Let's get rid of it since there is no excuse for it.
You should read some Milton Friedman (it might cure your ignorance).
I'm a conservative, not a libertarian.
It did. Dips are less frequent and less severe with a lender of last resort.
You should read some Milton Friedman (it might cure your ignorance).
I'm a conservative, not a libertarian.
Friedman can cure your ignorance, whatever you are.