The First Mac Predates Modern Central Banking
Tom Tunguz
NOVEMBER 13, 2023
The US Federal Reserve Banking system is about 115 years old. Lacking any government help, J.P. Morgan (the man, the myth, the legend, but not his bank) arranged for a group of individuals to lend money to keep the markets operating. European countries had instituted central banks. It was created after the Panic of 1907.
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