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.
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.
Lawrence R. Jacobs is Walter F. and Joan Mondale Chair for Political Studies at the Humphrey School for Public Affairs, the University of Minnesota, and co-author of both Health Care Reform and American Politics (Oxford) and Class War? (Chicago). Desmond King is Andrew W. Mellon Professor of American Government at Oxford University and author of Making Americans (Harvard), as well as co-author of Still a House Divided (Princeton).
Inhaltsangabe
Chapter 1: Why Fed Power Matters Chapter 2: The Rise of the Fed State Chapter 3: Concealed Advantage Chapter 4: The Fed's Legitimacy Gap Chapter 5: Preparing for the Next Financial Crisis
Chapter 1: Why Fed Power Matters Chapter 2: The Rise of the Fed State Chapter 3: Concealed Advantage Chapter 4: The Fed's Legitimacy Gap Chapter 5: Preparing for the Next Financial Crisis
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