THE SOVEREIGN LEDGER™ #174 — AMERICA BUILT THREE CENTRAL BANKS. EACH ONE LEFT THE JOB IT WAS HIRED TO DO. | Part 2 of 2: The Modern Fed, 1913–2026
Part 2 of 2. The Federal Reserve graded against its own 1913 charter: the Great Contraction, the dollar’s loss of about 97% of its purchasing power, the dual mandate, The Powell Housing Paradox™, Warsh’s first hike and why putting the Fed under the Treasury would backfire.