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A 1953 FEDERAL RESERVE SPEECH (the birth of free trade)

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Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 10:08 AM
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A 1953 FEDERAL RESERVE SPEECH (the birth of free trade)

I like to dig around in the archives of the Federal Reserve. There are many golden nuggets stored there. Anyone who wishes to see how the thinking about the Federal Reserve, the Treasury and the private banking system evolved, this is the place to go. Today, we go back even earlier than the infamous 1961 gold market manipulation memo I dug up last week. Back to 1953, Eisenhower had just become President, the Cold War just began and the Korean War was winding down to its present stalemate.


http://fraser.stlouisfed.org/historicaldocs/wmm53/downl...

THE TRANSITION TO FREE MARKETS
Remarks of Wm. McC. Martin, Jr., Chairman,
Board of Governors of the Federal Reserve System,
at luncheon meeting of The Economic Club of Detroit,
Sheraton-Cadillac Hotel,
Detroit, Michigan
April 13, 1953.

Continued>>>>
http://emsnews.wordpress.com/2009/01/24/a-1953-federal-...
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infidel dog Donating Member (186 posts) Send PM | Profile | Ignore Sat Jan-24-09 10:19 AM
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1. What a gathering of evil vultures that must have been
Probably something like the Havana neeting with Hyman Roth, Michael Corleone and all the other fine businessmen in The Godfather II.
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