Is the Federal Reserve a Private Bank? It Doesn’t Matter.

Is the Federal Reserve a Private Bank? It Doesn’t Matter.
The U.S. Federal Reserve is seen in Washington, D.C., on Feb. 12, 2009. Karen Bleier/AFP via Getty Images
Ryan McMaken
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Commentary

After many years of writing articles on the Federal Reserve and central banking, there is one thing I can always expect in the hours following the publication of an article about the Fed: a reader will send me an indignant email insisting that the Federal Reserve is a private organization and that this is very important.

Ryan McMaken
Ryan McMaken
Author
Ryan McMaken is the editor of Mises Wire and The Austrian. He has degrees in economics and political science from the University of Colorado and was the economist for the Colorado Division of Housing from 2009 to 2014. He is the author of "Commie Cowboys: The Bourgeoisie and the Nation-State in the Western Genre."