Money
Subtitle: Free and Unfree
Publisher: Cato Institute
Published: 2017
Language: eng
Number of pages: 379
ISBN-13: 9781944424299
Subjects: Banks and banking, united states; Monetary policy, united states; United states, economic conditions, 21st century
Description: "Why has the United States experienced so many crippling financial crises, along with other sorts of monetary and financial troubles, throughout its history? The popular answer: U.S. banks have long been poorly regulated, subjecting the economy to the whims of selfish interest, which must be tempered by more government regulation and centralization. In Money: Free and Unfree George Selgin turns this conventional wisdom on its head. In essays covering U.S. monetary policy since before the Civil War, he painstakingly traces financial disorder to its source: misguided government regulation, dispelling the myth of the Federal Reserve as a bulwark of stability."--Publisher's description.