The Fed at One Hundred PDF ePub eBook

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The Fed at One Hundred free pdf 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.

About David Howden

David Howden is a professor of economics at St. Louis University's Madrid Campus. He is the editor of the Journal of Prices

Details Book

Author : David Howden
Publisher : Springer International Publishing AG
Data Published : 22 July 2014
ISBN : 331906214X
EAN : 9783319062143
Format Book : PDF, Epub, DOCx, TXT
Number of Pages : 180 pages
Age + : 15 years
Language : English
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