Why Fed power matters -- The rise of the Fed state -- Concealed advantage -- The Fed's legitimacy problem -- Preparing for the next financial crisis
Summary
Lawrence Jacobs and Desmond King's Fed Power is the first sustained examination of the Fed as a potent political institution that systematically provides concealed advantages to a privileged few. The authors trace the Fed's historic development from the fiery tug-of-war over monetary policy during the 19th century to its current position as the most important institution in the American economy, possessing unparalleled capacity and autonomy to intervene in private markets
Bibliography
Includes bibliographical references and index
Notes
Description based on online resource; title from PDF title page (Oxford Scholarship Online, viewed June 16, 2021)
