I Imperator New member Jan 11, 2011 #1 I read that it is because of artificial interest rates set below the market interest rate. Is this the main reason? If so, then why did panics exist well before the creation of the Fed? The economy still went through upturns and downturns.
I read that it is because of artificial interest rates set below the market interest rate. Is this the main reason? If so, then why did panics exist well before the creation of the Fed? The economy still went through upturns and downturns.
