LEADER 04170nam 22006615 450 001 9910298167703321 005 20200920124925.0 010 $a3-319-06215-8 024 7 $a10.1007/978-3-319-06215-0 035 $a(CKB)3710000000202729 035 $a(EBL)1782910 035 $a(OCoLC)889264148 035 $a(SSID)ssj0001295393 035 $a(PQKBManifestationID)11767949 035 $a(PQKBTitleCode)TC0001295393 035 $a(PQKBWorkID)11343102 035 $a(PQKB)11505932 035 $a(MiAaPQ)EBC1782910 035 $a(DE-He213)978-3-319-06215-0 035 $a(PPN)179922211 035 $a(EXLCZ)993710000000202729 100 $a20140721d2014 u| 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe Fed at One Hundred $eA Critical View on the Federal Reserve System /$fedited by David Howden, Joseph T. Salerno 205 $a1st ed. 2014. 210 1$aCham :$cSpringer International Publishing :$cImprint: Springer,$d2014. 215 $a1 online resource (176 p.) 300 $aDescription based upon print version of record. 311 $a3-319-06214-X 320 $aIncludes bibliographical references at the end of each chapters. 327 $aIntroduction -- A Pre-history of the Federal Reserve -- Does U.S. History Vindicate Central Banking? - Ben Bernanke, the FDR of Central Bankers -- Fed Policy Errors of the Great Depression -- The Federal Reserve: Reality Trumps Rhetoric -- A Fraudulent Legend: The Myth of the Independent Fed -- Will Gold Plating the Fed Provide a Sound Dollar? Arthur Burns: The Ph.D. Standard Begins and the End of Independence -- The Federal Reserve's Housing Bubble and the Skyscraper Curse -- There Is No Accounting for the Fed -- Fiat Money and the Distribution of Incomes and Wealth -- Unholy Matrimony: Monetary Expansion and Deficit Spending -- Information, Incentives, and Organization: The Microeconomics of Central Banking -- A Stocktaking and Plan for a Fed-less Future. 330 $aOne 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. 606 $aMacroeconomics 606 $aEconomic history 606 $aEconomic policy 606 $aMacroeconomics/Monetary Economics//Financial Economics$3https://scigraph.springernature.com/ontologies/product-market-codes/W32000 606 $aHistory of Economic Thought/Methodology$3https://scigraph.springernature.com/ontologies/product-market-codes/W28000 606 $aEconomic Policy$3https://scigraph.springernature.com/ontologies/product-market-codes/W34010 615 0$aMacroeconomics. 615 0$aEconomic history. 615 0$aEconomic policy. 615 14$aMacroeconomics/Monetary Economics//Financial Economics. 615 24$aHistory of Economic Thought/Methodology. 615 24$aEconomic Policy. 676 $a330 676 $a332.110973 676 $a338.9 676 $a339 702 $aHowden$b David$4edt$4http://id.loc.gov/vocabulary/relators/edt 702 $aSalerno$b Joseph T$4edt$4http://id.loc.gov/vocabulary/relators/edt 906 $aBOOK 912 $a9910298167703321 996 $aThe Fed at One Hundred$92540379 997 $aUNINA