All Posts Tagged With: "reserve ratios"
Was Money Really Easy Under Greenspan?
Former Federal Reserve chairman Alan Greenspan has become everyone’s favorite scapegoat. His policies allegedly caused, or at least contributed to, the current financial crisis. He is attacked from the left for lax financial regulation, from the right for loose monetary policy, and from the middle for both. Yet two years ago, on leaving office, Greenspan [...]
2Mar2009 | and David R. Henderson | 7 comments | ContinuedThe Reserve Requirement Debacle of 1935-1938
Richard Timberlake is a professor of economics retired from the University of Georgia. This is the last in a series. The principal thrust of Treasury-Federal Reserve monetary policy throughout the 1920s and 1930s was by turns restrictive, contractionary, and depressive. Even as the economy was floundering helplessly in a financial environment of monetary austerity, no [...]
1Jun1999 | Richard H. Timberlake | 0 comments | Continued-
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