Chapter One: The Evolution of Central Banking Functions in the US Chapter Two: Hamilton's Vision Chapter Three: The 1st Bank of the US as Central Bank Chapter Four: The 2nd Bank of the US as Central Bank Chapter Five: Jackson Contra Central Banking Chapter Six: From Free Banking to National Banking Chapter Seven: The Legacies of National Banking: 1873-1898 Chapter Eight: Panic of 1907 & the Treasury's Last Hurrah Chapter Nine: The Road to the Fed, 1903-1913 Chapter Ten: The Fed as Bank of Bankers, 1913-1929
Jack Rasmus is professor of economics at St. Mary's College.
Over the past 12 years, Dr. Jack Rasmus is a prolific writer on the state of the global and U.S. economy, and critic of current and former fiscal and monetary policy. Dr. Rasmus extends his research, allowing us to see the current Federal Reserve from a historical-political-policy and economic context, and how the bank evolved over the years; however, it seems the bank continues to make the same mistakes as earlier banks: excessive money supply, lack of supervision, speculative lending, asset price bubbles, bank bailouts, and lower standards of living-social welfare. Seems there needs to be central bank reform. -- Lawrence A. Souza, St. Mary's College