LEADER 05409nam 2200721 450 001 9910824035003321 005 20230808212233.0 010 $a0-19-938898-9 010 $a0-19-938897-0 035 $a(CKB)3710000000583568 035 $a(EBL)4414013 035 $a(SSID)ssj0001602350 035 $a(PQKBManifestationID)16312280 035 $a(PQKBTitleCode)TC0001602350 035 $a(PQKBWorkID)14857322 035 $a(PQKB)10643452 035 $a(PQKBManifestationID)16249282 035 $a(PQKBWorkID)14857372 035 $a(PQKB)24207353 035 $a(MiAaPQ)EBC4414013 035 $a(Au-PeEL)EBL4414013 035 $a(CaPaEBR)ebr11215176 035 $a(CaONFJC)MIL892918 035 $a(OCoLC)933219084 035 $a(EXLCZ)993710000000583568 100 $a20160616h20162016 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aFed power $ehow finance wins /$fLawrence R. Jacobs, Desmond King 210 1$aNew York, New York :$cOxford University Press,$d2016. 210 4$dİ2016 215 $a1 online resource (263 p.) 300 $aIncludes index. 311 $a0-19-938896-2 327 $aCover; 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 327 $aThe 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 Calamity 327 $aFiery 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 327 $aNew 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 327 $aBetting 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 327 $aA Barrage of Proposals to Strip the Fed of Powers 330 $a"Fed Power reveals how America's central bank undermined democratic accountability and widened economic inequality. It traces the Fed's historic rise to unparalleled power and capacity on domestic policy and its unilateral decisions during the 2008-9 financial crisis to leverage half of the country's net worth to the benefit of finance"--$cProvided by publisher. 606 $aFederal Reserve banks$xHistory 606 $aBanks and banking, Central$zUnited States$xHistory 606 $aMonetary policy$zUnited States$xHistory 606 $aGovernment accountability$zUnited States$xHistory 615 0$aFederal Reserve banks$xHistory. 615 0$aBanks and banking, Central$xHistory. 615 0$aMonetary policy$xHistory. 615 0$aGovernment accountability$xHistory. 676 $a332.1/10973 686 $aPOL024000$aPOL000000$2bisacsh 700 $aJacobs$b Lawrence R.$0254421 702 $aKing$b Desmond 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910824035003321 996 $aFed power$94016191 997 $aUNINA