Political Quotes

David Scott: “We created the Fed in 1913 for a single reason: to be the lender of last resort.”

On the recordSeptember 18, 2023
We created the Fed in 1913 for a single reason: to be the lender of last resort.
Said by
David Scott
Democratic · Georgia

Editor's note · Context

Scott explains the original purpose of the Federal Reserve.

Share

More from David Scott

Jul 22, 2024

I would say that we would appreciate a strong safety net or a stronger safety net.

congress.gov
Jul 9, 2024

There is no profession that is more relied on and dependent on the environment than farming.

congress.gov
Jul 22, 2024

If there are Members on the other side of the aisle that truly want to see a farm bill come to fruition this year, my door remains open to negotiation from any partner willing to come to the table with a serious proposal, not more red…

congress.gov
Jul 22, 2024

It is clear that we need to come together, Republicans and Democrats, on a farm bill that strengthens the farm safety net, and we are going to do it together.

congress.gov

Other voices in this conversation