Argues that a big and underrated reason for creation of federal reserve was so that we could make use of bankers acceptances which had not been allowed under national banking system, a development which allowed the dollar to become an international currency for the first time. Broz doesn't mention it (remains in basic macroecon-theoretical framework) but it is right after this that the Morgan-Rockefeller American International Corporation is trying to expand in China. Their headquarters were in 120 Broadway same as empire trust, and you know all about that.
This is also a good paper on the AIC. Talks about Hog Island too:
Can’t believe I never read that one. What do you think of Kolko?
HAVE you ever read this paper? "Origins of the Federal Reserve System: International Incentives and the Domestic Free-rider Problem"
https://annas-archive.org/md5/0a6c7ed7bc063e7324939d8bbd835dad
Argues that a big and underrated reason for creation of federal reserve was so that we could make use of bankers acceptances which had not been allowed under national banking system, a development which allowed the dollar to become an international currency for the first time. Broz doesn't mention it (remains in basic macroecon-theoretical framework) but it is right after this that the Morgan-Rockefeller American International Corporation is trying to expand in China. Their headquarters were in 120 Broadway same as empire trust, and you know all about that.
This is also a good paper on the AIC. Talks about Hog Island too:
https://annas-archive.org/md5/fd17e56211739ef65ee3a35e5d1466ed