All Posts Tagged With: "open market operations"
Inflation 101: Cause Versus Transmission
Howard Baetjer, Jr. is a lecturer in economics at Towson University. It’s always a pleasure for a teacher to receive a note from a former student showing that he or she has taken key lessons to heart. I had such a pleasure last winter when Joey, who had taken Money and Banking with me last [...]
1Sep2008 | Howard Baetjer Jr. | 2 comments | ContinuedThe Greenspan Fed in Perspective
Some readers of the Wall Street Journal might have been led to believe that Alan Greenspan had somehow followed Milton Friedman’s monetary rule. We now see, though, that there was no well-grounded rule; there was no standard.
1Jun2006 | Roger W. Garrison | 1 comment | ContinuedGold Policy in the 1930s
Richard Timberlake is a professor of economics retired from the University of Georgia and author of Monetary Policy in the United States: An Intellectual and Institutional History (University of Chicago Press, 1993). This is the second in a series. Between 1929 and 1933, the Federal Reserve System, which is the central bank of the United [...]
1May1999 | Richard H. Timberlake | 1 comment | ContinuedThe Myth of the Independent Fed
Dr. DiLorenzo is a professor of economics at Loyola College in Maryland. Ever since its founding in 1913, the Fed has described itself as an independent agency operated by selfless public servants striving to fine-tune the economy through monetary policy. In reality, however, a non-political governmental institution is as likely as a barking cat. Yet, [...]
1Apr1997 | Thomas J. DiLorenzo | 4 comments | Continued-
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