For more than a century after the nation’s founding, American banks were forced to stand on their own with no federal protection. This hour, we’ll talk about why the Founding Fathers were adamantly opposed to centralized banking – and about why later politicians had a change of heart – with Roger Lowenstein. His new book is “America’s Bank: The Epic Struggle to Create the Federal Reserve” (Penguin Press). He’ll speak at the Dallas Fed on Dec. 16.
