A couple of interesting papers on the evolution of central banking as well as a fun WSJ piece on how bombastic metaphors have taken over discussions of CB actions.
Calomiris, Charles ; Flandreau, Marc ; Laeven, Luc, “Political Foundations of the Lender of Last Resort: A Global Historical Narrative.”
“This paper offers a historical perspective on the evolution of central banks as lenders of last resort (LOLR). LOLRs established prior to World War II, with few exceptions, followed policies that can be broadly characterized as implementing “Bagehot’s Principles” : seeking to preserve systemic financial stability rather than preventing the failure of particular banks, and limiting the amount of risk absorbed by the LOLR as much as possible when providing financial assistance. After World War II, and especially after the 1970s, generous deposit insurance and ad hoc bank bailouts became the norm. The focus of bank safety net policy changed…
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Utopia, you are standing in it! 
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