A hat tip to [Lenderama](http://blog.mariah.com/2006/04/if-you-named-your-son-alan-greenspan.html) for alerting me to the [Federal Reserve Kids Page [Federal Reserve]](http://www.federalreserve.gov/kids/).

However, I think its misnamed. The narrative is really of _equal or greater help to adults_ since I suspect that most don’t fully understand the role of the Fed in our monetary system other than setting the federal funds rate. If you don’t believe me, [take the quiz first](http://www.federalreserve.gov/kids/quiz/question1.cfm) before reading the web page.

There is a great book on how the Fed works, published in 1989, called [Secrets of the Temple [Amazon]](http://www.amazon.com/gp/reader/0671675567/ref=sib_rdr_zmout/102-4709354-8523321?%5Fencoding=UTF8&p=S001#reader-page) by William Greider. Amazon displays part of the first chapter which is worth a quick read. Although the names have changed, the process is still the same.