Since this is the first web page for "financial-economist.com" there is nothing flashy, just exceptional content. Below you will find a couple of key articles on the Reconstruction Finance Corporation, the organization that set the US precedent for bank nationalization and continued the tradition of directed credit. For a little background, the RFC was originally founded as a temporary expedient for for one year and was closed roughly twenty-five years later. Hence, I don't have much faith in today's efforts. I promise more to come, including my weekly commentaries and research papers, as well as work of contributing authors and other viewpoints. Please enjoy these reports while I get that set up!
RFC Resources (all of these are large PDFs, so they may take some time)
Kimmel 1939-The Availability of Bank Credit 1933-1938 (One of two exceptional reports attempting to untangle credit supply and demand conditions in the Great Depression. Conclusion: supply and demand are inseparable)
Hardy and Viner 1935-Report on the Availability of Bank Credit in the Seventh Federal Reserve District (One of two exceptional reports attempting to untangle credit supply and demand conditions in the Great Depression. Conclusion: supply and demand are inseparable)
Cooper 1957-The Role of Banks in the Liquidation of C&I Loans of the RFC (Could otherwise title this "How do we exit the programs we are about to undertake?")
Sullivan-RFC and Corporate Policy 1951 (RFC lent and took preferred stock investments in ALL types of corporations, replacing management and directing them to profitability)
RFC Circulars (Operating rules of the RFC)