The Federal Reserve System

The Federal Reserve system allegedly began in order to eliminate banking and financial crises. The false premise that economic activity can be directed through monetary policy has failed consistently.


Of all the central banks in the world none has more influence than the Federal Reserve System of the United States. In spite of its influence, however, the Federal Reserve remains highly misunderstood, both in the manner in which it operates and the influence it has on financial markets.

In this subheading of the Money and Banking section I hope to clear up some of the widespread misunderstanding. Only with a clear understanding of the Federal Reserve System can we devise a path to improving the money and banking system in the United States, and hopefully throughout the world.

Monetary Data From St. Louis Fed

Find selected monetary data on this page.

Fed Funds Explained

In this Prezi I provide a graphic presentation of some of the more important points needed to understand the role and influence of the fed funds market.

Fed Funds Explained
(a Prezi presentation)

The graphic presentation of the Fed Funds Market will not fit on smaller screens. Please return to this page on a larger monitor to see that exlpanation. Thanks.