Central Banking in a Democracy: The Federal Reserve and its Alternatives (Routledge Explorations in Economic History) free ebook download.

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Central Banking in a Democracy: The Federal Reserve and its Alternatives (Routledge Explorations in Economic History) free ebook download

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Author(s):	John Wood

Date:	2024	Format:	epub	Language:	English	ISBN/ASIN:	113801639X
Pages:	222	OCR:		Quality:		ISBN13:
Uploader:	risotor	Upload Date:	9/22/2024 12:50:51 PM

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113801639X epub
The Federal Reserve System, which has been Congresss agent for the control of money since 1913, has a mixed reputation. Its errors have been huge. It was the principal cause of the Great Depression of the 1930s and the inflation of the 1970s, and participated in the massive bailouts of financial institutions at taxpayers' expense during the recent Great Recession.
This book is a study of the causes of the Feds errors, with lessons for an improved monetary authority, beginning with an examination of the history of central banks, in which it is found that their performance depended on their incentives, as is to be expected of economic agents. An implication of these findings is that the Feds failings must be traced to its institutional independence, particularly of the public welfare. Consequently, its policies have been dictated by special interests: financial institutions who desire public support without meaningful regulation, as well as presidents and those portions of Congress desiring growing government financed by inflation.
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3271777	Book	https://rapidgator.net/file/07fd2d8cd38a...		0.00	risotor

Tags: Alternatives Banking Democracy Economic Explorations Federal History Reserve Routledge

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