Reforming the Federal Reserve

The Federal Reserve, established in 1913, has evolved far beyond its original mandate, becoming one of the most debated institutions in the United States.

Some critics blame it for economic instability and want it abolished, while some supporters advocate expanding its powers. Over time, the Fed has taken on responsibilities like achieving specific macroeconomic goals, providing fiscal support to the federal government, and regulating thousands of banks and other financial institutions. This expansion has led to greater government involvement in individuals’ economic lives.

This series will discuss the Fed’s many roles, why they should be more limited, and how they can be curtailed.