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001 978-3-319-06215-0
003 DE-He213
005 20200420211745.0
007 cr nn 008mamaa
008 140721s2014 gw | s |||| 0|eng d
020 _a9783319062150
_9978-3-319-06215-0
024 7 _a10.1007/978-3-319-06215-0
_2doi
050 4 _aHB172.5
072 7 _aKCB
_2bicssc
072 7 _aKCBM
_2bicssc
072 7 _aBUS039000
_2bisacsh
072 7 _aBUS045000
_2bisacsh
082 0 4 _a339
_223
245 1 4 _aThe Fed at One Hundred
_h[electronic resource] :
_bA Critical View on the Federal Reserve System /
_cedited by David Howden, Joseph T. Salerno.
264 1 _aCham :
_bSpringer International Publishing :
_bImprint: Springer,
_c2014.
300 _aXI, 169 p. 3 illus.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 _aIntroduction -- A Pre-history of the Federal Reserve -- Does U.S. History Vindicate Central Banking? - Ben Bernanke, the FDR of Central Bankers -- Fed Policy Errors of the Great Depression -- The Federal Reserve: Reality Trumps Rhetoric -- A Fraudulent Legend: The Myth of the Independent Fed -- Will Gold Plating the Fed Provide a Sound Dollar? Arthur Burns: The Ph.D. Standard Begins and the End of Independence -- The Federal Reserve's Housing Bubble and the Skyscraper Curse -- There Is No Accounting for the Fed -- Fiat Money and the Distribution of Incomes and Wealth -- Unholy Matrimony: Monetary Expansion and Deficit Spending -- Information, Incentives, and Organization: The Microeconomics of Central Banking -- A Stocktaking and Plan for a Fed-less Future.
520 _aOne hundred years after its foundation, the Federal Reserve has been entrusted with an enormous expansion in its operating powers for the sake of reviving a sluggish economy during the financial crisis. The aim of the present volume is to present a thorough and fundamental analysis of the Fed in the recent past, as well as over the entire course of its history. In evaluating the origin, structure, and performance of the Fed, the contributors to this volume critically apply the principles of Austrian monetary and business-cycle theory. It is argued that the Fed has done harm to the U.S. and, increasingly, the global economy by committing two types of errors: theoretical errors stemming from an incorrect understanding of the optimal monetary system, and historical errors, found in episodes in which the Fed instigated an economic downturn or hindered a budding recovery. The book contains not only a critical analysis of the activities of the Fed over its history, but also a road map with directions for the future.
650 0 _aEconomic history.
650 0 _aMacroeconomics.
650 0 _aEconomic policy.
650 1 4 _aEconomics.
650 2 4 _aMacroeconomics/Monetary Economics//Financial Economics.
650 2 4 _aMethodology/History of Economic Thought.
650 2 4 _aEconomic Policy.
700 1 _aHowden, David.
_eeditor.
700 1 _aSalerno, Joseph T.
_eeditor.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9783319062143
856 4 0 _uhttp://dx.doi.org/10.1007/978-3-319-06215-0
912 _aZDB-2-SBE
942 _cEBK
999 _c50936
_d50936