March 12, 2024

THE BIGGEST MISSING LINK IN MACROECONOMIC HISTORY part 9

Using the consumer monetary credit history of the united states .



The emergence of Aldrich Vreeland act in 1908 as temporary enactment measure by the congress kickstarted a congressional research by national monetary commission in 1910 published brilliant academic works that was adopted by the congress and led to the formation of Federal Reserve bank in 1914.Had the Federal Reserve system been established with dual monetary Macroeconomic model (a component structure of the marsolist theory metaeconomy )as dual Federal Reserve system in 1914 the menace of nonlinear growth in the organic realm of economic history could also have been a thing of history and volatile movement hedged by development cycle proper.

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