Alexander Hamilton and the Origins of the Fed

Focusing on the evolution of central banking in the US, the book explores its historical development and key functions, such as private lending aggregation, fiscal agency, money supply regulation, currency issuance monopoly, banking supervision, and last-resort lending. It traces the journey from early proposals before 1987, through significant events like the Constitutional Convention and debates on Hamilton's credit report, to the establishment of the National Banking System from 1862 to 1913, highlighting the complexities and transformations of central banking in American history.