{"id":1672,"date":"2013-12-31T21:22:02","date_gmt":"2013-12-31T21:22:02","guid":{"rendered":"http:\/\/fenello.com\/blog\/?p=1672"},"modified":"2013-12-31T21:22:02","modified_gmt":"2013-12-31T21:22:02","slug":"100-years-later-the-federal-reserve-has-failed-at-everything-its-tried","status":"publish","type":"post","link":"http:\/\/fenello.com\/oldnews\/tranzitioning\/?p=1672","title":{"rendered":"100 Years Later, The Federal Reserve Has Failed At Everything It&#8217;s Tried"},"content":{"rendered":"<div class=\"mceItemEmbedly\" style=\"max-width:600px;\" data-ajax=\"{'url':'http:\/\/www.forbes.com\/sites\/markhendrickson\/2013\/12\/20\/100-years-later-the-federal-reserve-has-failed-at-everything-its-tried\/','width':null,'words':null,'height':null,'embed':'&lt;div class=\\&quot;embedly\\&quot; style=\\&quot;\\&quot;&gt;&lt;img src=\\&quot;http:\/\/b-i.forbesimg.com\/markhendrickson\/files\/2013\/12\/fed-300x165.png\\&quot; class=\\&quot;thumb embedly-thumbnail-small\\&quot; \/&gt;&lt;a class=\\'embedly-title\\' target=\\'_blank\\' href=\\'http:\/\/www.forbes.com\/sites\/markhendrickson\/2013\/12\/20\/100-years-later-the-federal-reserve-has-failed-at-everything-its-tried\/\\'&gt;100 Years Later, The Federal Reserve Has Failed At Everything It\\'s Tried&lt;\/a&gt;On Dec. 23, 1913, President Woodrow Wilson signed the Owen Glass Act, creating the Federal Reserve. As we note its centennial, what has the Fed accomplished during the last 100 years? The stated original purposes were to protect the soundness of the dollar and banks and also to lessen the jarring ups and downs of the business cycle.&lt;div class=\\&quot;embedly-clear\\&quot;&gt;&lt;\/div&gt;&lt;span class=\\&quot;embedly-powered\\&quot; style=\\&quot;float:right;display:block\\&quot;&gt;&lt;a target=\\&quot;_blank\\&quot; href=\\&quot;http:\/\/embed.ly\/code?url=http%3A%2F%2Fwww.forbes.com%2Fsites%2Fmarkhendrickson%2F2013%2F12%2F20%2F100-years-later-the-federal-reserve-has-failed-at-everything-its-tried%2F\\&quot; title=\\&quot;Powered by Embedly\\&quot;&gt;&lt;img src=\\&quot;http:\/\/static.embed.ly\/images\/logos\/embedly-powered-small-light.png\\&quot; alt=\\&quot;Embedly Powered\\&quot; \/&gt;&lt;\/a&gt;&lt;\/span&gt;&lt;div class=\\&quot;media-attribution\\&quot;&gt;&lt;span&gt;via &lt;\/span&gt;&lt;a href=\\&quot;http:\/\/www.forbes.com\\&quot; class=\\&quot;media-attribution-link\\&quot; target=\\&quot;_blank\\&quot;&gt;Forbes&lt;\/a&gt;&lt;\/span&gt;&lt;\/div&gt;&lt;div class=\\&quot;embedly-clear\\&quot;&gt;&lt;\/div&gt;&lt;\/div&gt;'}\">\n<div class=\"embedly\" style=\"\"><img decoding=\"async\" src=\"http:\/\/b-i.forbesimg.com\/markhendrickson\/files\/2013\/12\/fed-300x165.png\" class=\"thumb embedly-thumbnail-small\" \/><a class='embedly-title' target='_blank' href='http:\/\/www.forbes.com\/sites\/markhendrickson\/2013\/12\/20\/100-years-later-the-federal-reserve-has-failed-at-everything-its-tried\/'>100 Years Later, The Federal Reserve Has Failed At Everything It&#8217;s Tried<\/a>On Dec. 23, 1913, President Woodrow Wilson signed the Owen Glass Act, creating the Federal Reserve. As we note its centennial, what has the Fed accomplished during the last 100 years? The stated original purposes were to protect the soundness of the dollar and banks and also to lessen the jarring ups and downs of the business cycle.<\/p>\n<div class=\"embedly-clear\"><\/div>\n<p><span class=\"embedly-powered\" style=\"float:right;display:block\"><a target=\"_blank\" href=\"http:\/\/embed.ly\/code?url=http%3A%2F%2Fwww.forbes.com%2Fsites%2Fmarkhendrickson%2F2013%2F12%2F20%2F100-years-later-the-federal-reserve-has-failed-at-everything-its-tried%2F\" title=\"Powered by Embedly\"><img decoding=\"async\" src=\"http:\/\/static.embed.ly\/images\/logos\/embedly-powered-small-light.png\" alt=\"Embedly Powered\" \/><\/a><\/span><\/p>\n<div class=\"media-attribution\"><span>via <\/span><a href=\"http:\/\/www.forbes.com\" class=\"media-attribution-link\" target=\"_blank\">Forbes<\/a><\/span><\/div>\n<div class=\"embedly-clear\"><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>100 Years Later, The Federal Reserve Has Failed At Everything It&#8217;s TriedOn Dec. 23, 1913, President Woodrow Wilson signed the Owen Glass Act, creating the Federal Reserve. As we note its centennial, what has the Fed accomplished during the last &hellip; <a href=\"http:\/\/fenello.com\/oldnews\/tranzitioning\/?p=1672\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1672","post","type-post","status-publish","format-standard","hentry","category-tranzitioning"],"_links":{"self":[{"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/posts\/1672","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/comments?post=1672"}],"version-history":[{"count":2,"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/posts\/1672\/revisions"}],"predecessor-version":[{"id":1674,"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/posts\/1672\/revisions\/1674"}],"wp:attachment":[{"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/media?parent=1672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/categories?post=1672"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/tags?post=1672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}