Any source about Aster not supporting central bank?
I found this below
[Astor] opposed the central bank’s policy of redeeming notes at any branch. The natural paths of commerce, Astor argued, brought notes of seven teen branches, located throughout the United States, to New York City and placed a disproportionate burden on the New York branch. Finally Astor was uneasy when branch banks lent money, not on the basis of goods or commercial transactions, but on the basis of personality.
In other words, even BEFORE the Federal Reserve (FED) was created. Astor opposed a central bank? But supported smaller, decentralized banks?
Source:
Any source about Aster not supporting central bank?
I found this below
[Astor] opposed the central bank’s policy of redeeming notes at any branch. The natural paths of commerce, Astor argued, brought notes of seven teen branches, located throughout the United States, to New York City and placed a disproportionate burden on the New York branch. Finally Astor was uneasy when branch banks lent money, not on the basis of goods or commercial transactions, but on the basis of personality.
In other words, even BEFORE the Federal Reserve (FED) was created. Astor opposed a central bank? But supported decentralized banks?
Source: