In an article in the Wall Street Journal, Kevin Brady, a member of Congress from Texas, stated,

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In an article in the Wall Street Journal, Kevin Brady, a member of Congress from Texas, stated, "To get Congress to pass the Federal Reserve Act [in 1913, President Woodrow] Wilson had to retain the support of ... northeastern lawmakers while convincing southern and western Democrats that legislation would not ... create a [single] central bank. Wilson's ingenious solution was federalism." Explain what Congressman Brady meant when he stated that Woodrow Wilson used "federalism" to convince Congress to pass the Federal Reserve Act.
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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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