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Record Nr. |
UNINA9910465934203321 |
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Autore |
Jacobs Lawrence R. |
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Titolo |
Fed power : how finance wins / / Lawrence R. Jacobs, Desmond King |
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Pubbl/distr/stampa |
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New York, New York : , : Oxford University Press, , 2016 |
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©2016 |
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ISBN |
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Descrizione fisica |
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1 online resource (263 p.) |
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Disciplina |
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Soggetti |
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Federal Reserve banks - History |
Banks and banking, Central - United States - History |
Monetary policy - United States - History |
Government accountability - United States - History |
Electronic books. |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di contenuto |
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Cover; FED POWER: How Finance Wins; Copyright; Contents; Acknowledgments; 1: Why Fed Power Matters; DON'T BUY THE FED HYPE; The Catechism of the Fed; Reality Test; Fed Inaction; Generating Inequality; Expert Rule and the Anti-Democrats; FINANCIAL PATHOLOGY: FINDING THE FED'S BIAS; Favoritism 1, 2, and 3; Operational Favoritism; Selecting Winners; Missing in Action: Middle-Class Rescue; Motivated Favoritism; Revolving Doors; Capture; Fed Interests; What We Are Not Claiming; FINDING THE FED STATE; Fed Exceptionalism; The Takeoff; Concealed Advantage; Did You Know?; Strategies of Concealment |
The Fed's Game PlanREFORMING THE FED; The Fed's Legitimacy Deficit; Why America Needs a Properly Designed Central Bank; Yes, We Need a Central Bank; Congress Ch annels the Distrust of the Fed; America's Path to Effective Financial Management; Concentrating Fed on Monetary Policy; Building Consolidated Financial Management; BREAKING THE SILENCE ON THE FED; How the Fed Tames Debate; Three Types of Evidence; Researching Favoritism; FROM FIERY POPULISM TO ACQUIESCENCE AND DOUBT; 2: The Rise of the Fed State; THE RAUCOUS POLITICS OF NINETEENTH-CENTURY MONETARY POLICY; |
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Economic Calamity |
Fiery Debates over Monetary PolicyThe Muting of Populist Opposition to Banks and Monetary Policy; REMOVING MONETARY POLICY FROM DEMOCRATIC POLITICS: THE FEDERAL RESERVE ACT OF 1913; The Ruling Banks Did Not Rule; The Compromise of 1913; Agreeing on the Big Plan; Tactical Disputes on Details; THE MAKING OF THE FED STATE; The Takeoff: Fed State-Building, 1913-1952; First Comes Centralization; Building National Administrative Capacity; Going Independent; The Trojan Horse of Emergency Powers; Organizing Finance, 1952-1979; Seizing the Opportunity of Crisis; Acting Independent |
New Policy Frameworks for Fed ActivismInstitutional Independence and Advancing Finance; THE ERA OF FINANCE AND THE FED'S MONOPOLY OF MONETARY POLICY; The New World of Global Finance; Domesticating Modern Finance; PAST AND FUTURE; 3: Concealed Advantage; THE BREAKDOWN IN MODERN FINANCE; The New Brave World of Debt; The Problem with the Fed; Mistakes Instead of Mastery; The Fed Stands Up for Itself; Favoring Finance; DESIGNING BIAS; Engineering Dependence and Loyalty; The Fed Activates Finance; The Lehman Boomerang; Behind the Cover of TARP; Hiding America's Most Powerful Domestic Policymaker |
Betting the Country's Nest EggShort-Circuiting Democracy; The Fed Helps Itself; FOLLOW THE MONEY; Finding Favoritism; Program-Building; Read the Fine Print; An Invitation to Being Taken Advantage Of; Four Features of the Fed's Facilities; A Pattern of Favoritism; Public Good or Favoritism?; THE FED'S ALTERNATIVES; Cram-Downs; Learning from the Bank of England; THE ERA OF BIG GOVERNMENT-FOR FINANCE AND THE CHOSEN; 4: The Fed's Legitimacy Problem; THE FED'S DEPLETED LEGITIMACY; THE FED ON THE RUN; The Public Backlash; The Elite Backlash; The Fed as Bullseye; Withering Criticisms |
A Barrage of Proposals to Strip the Fed of Powers |
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