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The Federal Reserve: A New History
The Federal Reserve: A New History
Current price: $45.00
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Size: Hardcover
In
, Robert L. Hetzel draws on more than forty years of experience as an economist in the central bank to trace the influences of the Fed on the American economy. Comparing periods in which the Fed stabilized the economy to those when it did the opposite, Hetzel tells the story of a century-long pursuit of monetary rules capable of providing for economic stability. Recast through this lens and enriched with archival materials, Hetzel’s sweeping history offers a new understanding of the bank’s watershed moments since 1913. This includes critical accounts of the Great Depression, the Great Inflation, and the Great Recessionincluding how these disastrous events could have been avoided. A critical volume for a critical moment in financial history,
is an expert, sweeping account that promises to recast our understanding of the central bank in its second century.