04986nam 2200697 450 991046593420332120200520144314.00-19-938897-0(CKB)3710000000583568(EBL)4414013(SSID)ssj0001602350(PQKBManifestationID)16312280(PQKBTitleCode)TC0001602350(PQKBWorkID)14857322(PQKB)10643452(PQKBManifestationID)16249282(PQKBWorkID)14857372(PQKB)24207353(MiAaPQ)EBC4414013(Au-PeEL)EBL4414013(CaPaEBR)ebr11215176(CaONFJC)MIL892918(OCoLC)933219084(EXLCZ)99371000000058356820160616h20162016 uy 0engur|n|---|||||txtccrFed power how finance wins /Lawrence R. Jacobs, Desmond KingNew York, New York :Oxford University Press,2016.©20161 online resource (263 p.)Includes index.0-19-938896-2 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 ConcealmentThe 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; Economic CalamityFiery 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 IndependentNew 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 PolicymakerBetting 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 CriticismsA Barrage of Proposals to Strip the Fed of PowersFederal Reserve banksHistoryBanks and banking, CentralUnited StatesHistoryMonetary policyUnited StatesHistoryGovernment accountabilityUnited StatesHistoryElectronic books.Federal Reserve banksHistory.Banks and banking, CentralHistory.Monetary policyHistory.Government accountabilityHistory.332.1/10973Jacobs Lawrence R.254421King DesmondMiAaPQMiAaPQMiAaPQBOOK9910465934203321Fed power2208191UNINA