1st Edition
Central Banking in a Democracy The Federal Reserve and its Alternatives
By John Wood
Copyright 2015
242 Pages
by
Routledge
242 Pages
16 B/W Illustrations
by
Routledge
242 Pages
16 B/W Illustrations
by
Routledge
Also available as eBook on:
The Federal Reserve System, which has been Congress’s 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... Read more
1. Introduction 2. Early central banks 3. Central banking in the United States, 1847-1913 4. The Federal Reserve Sysyem, 1913-51 5. The Federal Reserve, 1951-99 6. The Great Recession 7. Bank regulation 8. Conclusion: The necessity and possibility of replacing the Fed
Biography
John H. Wood is Reynolds Professor of Economics at Wake Forest University, Winston-Salem, North Carolina, USA.
