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Books > Social sciences > Politics & government > Central government > Central government policies
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The Fed at One Hundred - A Critical View on the Federal Reserve System (Paperback, Softcover reprint of the original 1st ed. 2014)
Loot Price: R3,350
Discovery Miles 33 500
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The Fed at One Hundred - A Critical View on the Federal Reserve System (Paperback, Softcover reprint of the original 1st ed. 2014)
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One 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.
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