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The fed unbound : central banking in a time of crisis / Lev Menand.

By: Material type: TextTextLanguage: English Publisher: New York : Columbia Global Reports, 2022Description: 173 pages : illustrations, map ; 19 cmContent type:
  • text
Media type:
  • unmediated
Carrier type:
  • volume
ISBN:
  • 9781735913704 (paperback)
  • 1735913707 (paperback)
Subject(s): Additional physical formats: Online version:: Fed unboundDDC classification:
  • 332.1/10973
LOC classification:
  • HG 2565 M534f 2022
Contents:
The Fed and the pandemic Money and banking in America The logic and limits of the Federal Reserve Act The collapse of banking law What to make of a Fed unbound Finding a way forward
Summary: "It is a bedrock principle of the US Constitution that Congress, as representatives of the people, sets economic policy and directs government resources. This all changed thirteen years ago, and even more dramatically during the pandemic. The Federal Reserve operates independently from the rest of the government, and can create as much money as it sees fit and use it without the prior approval of Congress, the courts, or the President. When the Fed creates new money to address economic problems, it helps certain groups, like powerful business interests, and becomes a massive driver of inequality. Menand tells the story of how the Fed became out of control during the 2008 financial crisis and the 2020 pandemic, and what can be done about it"-- Provided by publisher.
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Holdings
Item type Current library Home library Collection Shelving location Call number Copy number Status Date due Barcode
Libro Libro Biblioteca Juan Bosch Biblioteca Juan Bosch Ciencias Sociales Ciencias Sociales (3er. Piso) HG 2565 M534f 2022 (Browse shelf(Opens below)) 1 Available 00000128282

Includes bibliographical references.

The Fed and the pandemic
Money and banking in America
The logic and limits of the Federal Reserve Act
The collapse of banking law
What to make of a Fed unbound
Finding a way forward

"It is a bedrock principle of the US Constitution that Congress, as representatives of the people, sets economic policy and directs government resources. This all changed thirteen years ago, and even more dramatically during the pandemic. The Federal Reserve operates independently from the rest of the government, and can create as much money as it sees fit and use it without the prior approval of Congress, the courts, or the President. When the Fed creates new money to address economic problems, it helps certain groups, like powerful business interests, and becomes a massive driver of inequality. Menand tells the story of how the Fed became out of control during the 2008 financial crisis and the 2020 pandemic, and what can be done about it"-- Provided by publisher.

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