Federal Reserve Bank Richmond

Larry Parks Interviews Dr. Tom Mackell, Jr. about his book: When the Good Pensions Go Away: Why America Needs a New Deal for Pension and Health Care Reform

June 7, 2015 by Larry Parks

Larry Parks Interviews Dr. Tom Mackell, Jr.; Author, “When the Good Pensions Go Away: Why America Needs a New Deal for Pension and Health Care Reform” For more information, see: More Information can be found from Larry Parks HR1098 Congressional Testimony 9-13-11 To get a copy of What Does Mr. Greenspan Really Think? from Amazon, […]

“Where would we be if we had I.O.U.’s scrip and certificates floating all around the country?” Instead he decided to “issue currency against the sound assets of the banks. [As opposed to issuing currency against gold.] The Federal Reserve Act lets us print all we’ll need. And it won’t frighten the people. It won’t look like stage money. It’ll be money that looks like real money.” [Emphasis added.] (Source: ‘Closed for the Holiday: The Bank Holiday of 1933?, p20 – Federal Reserve Bank of Boston)

— Treasury Secretary Woodin, 3/7/33

The Most Important Worker Right: The Right to be Paid with Real Money

Larry Parks Interviews Dr. Tom Mackell, Jr. about his book: When the Good Pensions Go Away: Why America Needs a New Deal for Pension and Health Care Reform

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