Boom and Bust Banking (Paperback)David Beckworth (author)
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Publisher: Independent Institute,U.S.
Number of pages: 384
Weight: 612 g
Dimensions: 229 x 152 x 25 mm
"The authors of this compelling and fascinating book demonstrate clearly that U.S. monetary policy--by creating a boom and a bust--led to the financial crisis and the great recession. But they go much further. They apply their excellent analytical skills to show why policy took this unfortunate route, why alternative explanations--such as a global-saving glut--are flawed, and why monetary policymakers must return to rules-based policies in the future." Boom and Bust Banking" is exceptionally well-written and well-reasoned. It should be read by anyone interested in improving economic policy and economic performance." --John B. Taylor, Mary and Robert Raymond Professor of Economics, Stanford University
""Boom and Bust Banking" is a valuable contribution to the burgeoning national debate about the way U.S. monetary policy and financial sector regulation is conducted. The authors join with a growing number of monetary economists and decision makers in arguing that the Federal Reserve Board's management of the fiat dollar has been shown to be prone to serious and potentially catastrophic error. . . . "Boom and Bust Banking" will be valuable compendium when monetary reform in the U.S. becomes imperative. That may happen sooner than we think." --George Melloan, former Deputy Editor, "Wall Street Journal"
"The preeminent economic challenge of our time finally gets the attention it deserves in the very important book from leading monetary thinkers, " Boom and Bust Banking." Distinguished economists such as George Selgin and Lawrence White address how the boom-and-bust cycle engendered by central banks creates financial instability and dare to propose alternative monetary arrangements. Inherent throughout this volume is the fundamental question: Is the Federal Reserve capable of appropriately calibrating the money supply to the needs of the real economy? To give an informed answer, read this book." --Judy Shelton, author, "Money Meltdown: Restoring Order to the Global Currency System and Fixing the Dollar Now: Why U.S. Money Lost Its Integrity and How We Can Restore It"