Recommended economics writing

“Establishing the Federal Reserve”

Wow!

So no mention that it’s a private bank and not part of the Federal Government and therefore not subject to the Freedom of Information Act? (http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aS89AaGjOplw)

No mention that it was created at a secret private meeting held at a luxury resort? (http://en.wikipedia.org/wiki/Jekyll_Island)

No mention that it gave $16 trillion away free and no strings attached to the very people who created this crisis ($3 trillion to foreign entities including the bank Of Libya before the recent war started)? (http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-6206...)

No mention that Jamie Dimon, CEO of JP Morgan, and a recipient of billions of dollars in taxpayer aid, sits on the board of directors of the NY branch? http://www.ny.frb.org/aboutthefed/orgchart/board/dimon.html

Lovely

I think the feature, "Paging Dr Romer", is a fine idea that ought to give us much more sense than nonsense.

When I see a situation that doesn't seem to make logical sense my question is what is the deal here? Who benefits? I have been asking this question about the real estate situation since 2008. The banks received millions of dollars which were supposed to help those in trouble with mortgages save their homes. Instead the banks sat on the money, earned interest, and purchased other banks. They did not use the money to help home owners. Then the banks have advertised historically low interest rates....See More The only problem is that few can get a mortage at that rate many who would would have been considered a good risk are unable to get any mortgate at all.
In past downturns, banks and FHA reduced the price of the house sold it and then they had mortgage holders who paid interest cities had tax payers. While some homes have undoubtedly reached the point that the best idea is to tear them down otherouses could be sold and repaired and cound house folks who need a home. So who benefits when banks tear down forcclosed homes I than you Firozali A.mulla DBA