Book review on Secrets Of The Temple, by Willian Greider. An interesting and hefty (700+ page)book on the inner workings of the Federal Reserve.

Secrets Of The Temple, by Willian Greider, investigates the inner workings of the United States Federal Reserve; the central banking system, established by the Federal Reserve Act of 1913. The author, William Greider, attempts to demystify this small but very powerful entity in our lives. He defines the Federal Reserve as a group of twelve regional banks, supervised by the Federal Reserve Board; the Board of Governors of the Federal Reserve System, composed of seven members …

…try to correct negative variances such as unemployment. The Federal Reserve is concerned with monetary policy; changing the amount of money in circulationto affect the rate of inflation, avialability of credit and employment. The Federal Reserve Act commanded fair representation of the finacial, agricultural, industrial and commercial interests but according to the author there are none on the Federal Reserve Board instead, with few exceptions, the Fed governors are drawn from financial economics and banking.