Did the Fed Achieve Independence During the Korean War?

Tags: The Fed, War and Foreign Policy

05/29/2025 Jonathan Newman

Rumor has it that the Federal Reserve was able to resist the president‘s demands to enable funding of the Korean War. However, a look at the record demonstrates conclusively that the Fed bowed to Harry Truman‘s wishes to do what it has done for a century: finance America‘s wars.

Original article: https://mises.org/mises-wire/did-fed-achieve-independence-during-korean-war

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