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The Fed Unbound
The Trouble with Government by Central Bank
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The Fed Unbound
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?
This book is ideal for readers interested in finance, economics, public policy, and U.S. economic history, especially those curious about the Federal Reserve’s evolving role and calls for systemic financial reform.
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Book Hero Magic formatted this description to make it easier to read. While it's new and
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Description
Do the Fed's efforts to stabilise the economy worsen inequality?
The Federal Reserve, the U.S. central bank, was built for a monetary system composed primarily of investor-owned, government-chartered banks. But over the years, the erosion of banking law and the rise of alternative forms of money created outside of the banking system have pushed the Fed to take on more and more responsibilities to keep the economy out of recession. It did so during the 2008 crisis, and again during the first months of the COVID-19 pandemic, when it created $3 trillion to stop another financial panic.
Legal scholar and former Treasury official Lev Menand explains how the Fed did this, and argues that it is time to cure the disease that has plagued the American economy for decades, and not just rely on the Fed to treat its symptoms. The Fed Unbound is an urgent appeal to Congress to reform the U.S. economic and financial infrastructure.
Book Details
INFORMATION
ISBN: 9781735913704
Publisher: Columbia Global Reports
Format: Paperback / softback
Date Published: 23 June 2022
Country: United States
Imprint: Columbia Global Reports
Illustration: Illustrations
Audience: General / adult
DIMENSIONS
Width: 127.0mm
Height: 190.0mm
Weight: 250g
Pages: 174
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About the Author
Lev Menand is an associate professor of law at Columbia Law School. He served as senior advisor to the Deputy Secretary of the Treasury from 2015–2016 and senior advisor to the Assistant Secretary for Financial Institutions from 2014–2015. He has also worked as an economist at the Federal Reserve Bank of New York in the Bank’s Supervision Group. He lives in New York City.
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