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What-we-do | United | InvestmentNewsroom
September 23, 2016
Is the Wonderful Wizard of Oz really a tale of U.S monetary policy? Silver slippers, before they were ruby, on a golden road to Emerald City (Washington D.C.). Frank L Baum created his allegorical book at a time the United States was fiercely debating the merits of a two-metal monetary system. Find out who all of the Oz characters represent. From the Cowardly Lion to the Wicked Witch of the East, the Federal Reserve Bank of Cleveland has created a wonderful short book that explains it all. View this book here.