A 100-Year-Old Monetary Disorder

Brendan Brown

Chapter 2 in The Global Curse of the Federal Reserve, 2013, pp 13-50 from Palgrave Macmillan

Abstract: Abstract Curse is a strong word to use about the global influence of a 100-year-old institution headed throughout by officials dedicated to public service in the world’s greatest economy and greatest democracy. Yet how else can we describe the infernal cycles of irrational exuberance, with their sequels of recession and depression, or the persistent and sometimes violent erosion in the real value of money which the Federal Reserve has generated in the USA and globally, occasionally with devastating geopolitical result?

Keywords: Interest Rate; Monetary Policy; Central Bank; Federal Reserve; Credit Market (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-29740-2_2

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137297402

DOI: 10.1057/9781137297402_2

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().