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Credit Policies of the Federal Reserve System

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THE BROOKINGS INSTITUTION

Set up and printed.

Published August, 1932.

Second impression, February, 1933.

Third impression, January, 1934.

Printed in the United States of America by

George Banta Publishing Company

Menasha, Wisconsin

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The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

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