Unintended consequences
This is an old revision of this page, as edited by Ed Poor (talk | contribs) at 15:01, April 3, 2009. It may differ significantly from current revision.
- The Federal Reserve system had been established to prevent what actually happened. It was set up to avoid a situation in which you would have to close down banks, in which you would have a banking crisis. And yet, under the Federal Reserve system, you had the worst banking crisis in the history of the United States. There's no other example I can think of, of a government measure which produced so clearly the opposite of the results that were intended. [1]