Must-Read: And if the Federal Reserve System were to adopt bad policies in the hope of preserving its political independence, its political independence is already lost...
(1958): Discussion: "If the System should lose its independence in the process of fighting for sound money...
...that would indeed be a great feather in its cap and ultimately its success would be great...
http://www.academicroom.com/article/rehabilitation-monetary-policy-1950s
