Who Needs the Fed

Who Needs the Fed
Author: John Tamny
Release: 2016-05-24
Editor: Encounter Books
Pages: 224
ISBN: 9781594038327
Language: en
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DESCRIPTION BOOK:

The Federal Reserve is one of the most disliked entities in the United States at present, right alongside the IRS. Americans despise the Fed, but they’re also generally a bit confused as to why they distrust our central bank. Their animus is reasonable, though, because the Fed’s most famous function—targeting the Fed funds rate—is totally backwards. John Tamny explains this backwardness in terms of a Taylor Swift concert followed by a ride home with Uber. In modern times, he points out, the notion of credit has been perverted, so that most people believe it’s money and that the supply of it can therefore be increased. This false notion has aggrandized the Fed with power that it can’t possibly use wisely. The contrast between the grinding poverty of Baltimore and the abundance of Silicon Valley helps illustrate the problem, along with stories about Donald Trump, Robert Downey Jr., Jim Harbaugh (the Michigan football coach), and robots. Who Needs the Fed? makes a sober case against the Federal Reserve by explaining what credit really is, and why the Fed’s existence is inimical to its creation. Readers will come away entertained, much more knowledgeable, and prepared to argue that the Fed is merely superfluous on its best days but perilous on its worst.

The Federal Reserve

The Federal Reserve
Author: S. H. Axilrod
Release: 2013-06-06
Editor: Oxford University Press on Demand
Pages: 156
ISBN: 9780199934485
Language: en
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DESCRIPTION BOOK:

Discusses the legal basis for the Federal Reserve and the powers the institution can carry out, highlights key events in U.S. postwar financial history, and explains how monetary policy is tied to the political and social scenes.

The Federal Reserve System Purposes and Functions

The Federal Reserve System Purposes and Functions
Author: Bd of Governors of the Federal Reserve
Release: 2002
Editor: Unknown
Pages: 168
ISBN: 0894991965
Language: en
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DESCRIPTION BOOK:

Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.

End the Fed

End the Fed
Author: Ron Paul
Release: 2009-09-16
Editor: Grand Central Publishing
Pages: 224
ISBN: 9780446568180
Language: en
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DESCRIPTION BOOK:

A provocative and controversial treatise that argues we cannot actually fix the broken economy without discussing the 800-lb gorilla in the room: the Federal Reserve. Most people think of the Fed as an indispensable institution without which the country's economy could not properly function. But in End the Fed, Ron Paul draws on American history, economics, and fascinating stories from his own long political life to argue that the Fed is both corrupt and unconstitutional. It is inflating currency today at nearly a Weimar or Zimbabwe level, a practice that threatens to put us into an inflationary depression where $100 bills are worthless. What most people don't realize is that the Fed -- created by the Morgans and Rockefellers at a private club off the coast of Georgia -- is actually working against their own personal interests. Congressman Paul's urgent appeal to all citizens and officials tells us where we went wrong and what we need to do fix America's economic policy for future generations.

Central Banking 101

Central Banking 101
Author: Joseph Wang
Release: 2020-01-18
Editor: Joseph Wang
Pages: 329
ISBN: 9780999136751
Language: en
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DESCRIPTION BOOK:

Central banking is magic. With a few words, the Fed can lift the stock market out of desperation and catapult it towards euphoric highs. With a few keystrokes, the Fed can conjure up trillions of dollars and fund virtually unlimited Federal spending. And with a few poor decisions, the Fed can plunge the entire world into a recession. The Federal Reserve is one of the most powerful institutions in the world, and also one of the most difficult to understand. The Fed acts through its Open Markets Desk, which sits at the heart of the global financial system as the world’s ultimate and limitless provider of dollars. On behalf of policy makers, the Desk gathers market intelligence from all the major market participants, sifts through reams of internal data, and works behind the scenes keep the financial system intact. It is responsible for all of the Fed's market operations, from trillions in quantitative easing to hundreds of billions in repo and FX-swap loans. The financial crises of 2008 and 2020 abated only through the emergency interventions of the Desk. Joseph Wang spent five years studying the monetary system as a trader on the Desk. From that vantage point, Joseph saw firsthand how the Fed operates and how the financial system really works. This book is a distillation of his experience that aims to educate and demystify. After reading this book, you will understand how money is created, how the global dollar system is structured, and how it all fits into the broader financial system. The views in this book do not necessarily reflect those of the Federal Reserve Bank of New York or the Federal Reserve System.

The Myth of Independence

The Myth of Independence
Author: Sarah Binder,Mark Spindel
Release: 2019-07-09
Editor: Princeton University Press
Pages: 301
ISBN: 9780691191591
Language: en
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DESCRIPTION BOOK:

An in-depth look at how politics and economics shape the relationship between Congress and the Federal Reserve Born out of crisis a century ago, the Federal Reserve has become the most powerful macroeconomic policymaker and financial regulator in the world. The Myth of Independence marshals archival sources, interviews, and statistical analyses to trace the Fed’s transformation from a weak, secretive, and decentralized institution in 1913 to a remarkably transparent central bank a century later. Offering a unique account of Congress’s role in steering this evolution, Sarah Binder and Mark Spindel explore the Fed’s past, present, and future and challenge the myth of its independence.

The Fed and Lehman Brothers

The Fed and Lehman Brothers
Author: Laurence M. Ball
Release: 2018-06-07
Editor: Cambridge University Press
Pages: 297
ISBN: 9781108420969
Language: en
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DESCRIPTION BOOK:

This book sets the record straight on why the Federal Reserve failed to rescue Lehman Brothers during the financial crisis.

The Fed at One Hundred

The Fed at One Hundred
Author: David Howden,Joseph T. Salerno
Release: 2014-07-21
Editor: Springer
Pages: 169
ISBN: 9783319062150
Language: en
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DESCRIPTION BOOK:

One hundred years after its foundation, the Federal Reserve has been entrusted with an enormous expansion in its operating powers for the sake of reviving a sluggish economy during the financial crisis. The aim of the present volume is to present a thorough and fundamental analysis of the Fed in the recent past, as well as over the entire course of its history. In evaluating the origin, structure and performance of the Fed, the contributors to this volume critically apply the principles of Austrian monetary and business-cycle theory. It is argued that the Fed has done harm to the U.S. and increasingly, the global economy by committing two types of errors: theoretical errors stemming from an incorrect understanding of the optimal monetary system, and historical errors, found in episodes in which the Fed instigated an economic downturn or hindered a budding recovery. The book contains not only a critical analysis of the activities of the Fed over its history, but also a road map with directions for the future.

Follow the Fed to Investment Success

Follow the Fed to Investment Success
Author: Douglas S. Roberts
Release: 2008-07-25
Editor: John Wiley & Sons
Pages: 225
ISBN: 9780470288320
Language: en
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DESCRIPTION BOOK:

In Follow the Fed to Investment Success, Doug Roberts skillfully outlines a proven approach to investing that is based on the idea that there is direct correlation between stock market performance and the actions of the Federal Reserve Bank. For those who want to build true wealth in today’s markets, Follow the Fed to Investment Success offers an easy-to-understand approach to investing that anyone can implement—with little effort and even less time.

Audit the Fed

Audit the Fed
Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Domestic Monetary Policy and Technology
Release: 2012
Editor: Unknown
Pages: 78
ISBN: UCSD:31822038361804
Language: en
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DESCRIPTION BOOK:

Set Money Free What Every American Needs To Know About The Federal Reserve

Set Money Free  What Every American Needs To Know About The Federal Reserve
Author: Chris Rossini,Ron Paul
Release: 2014-07-03
Editor: Lulu.com
Pages: 247
ISBN: 9781312282612
Language: en
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DESCRIPTION BOOK:

An important work that explains the economic, philosophical, and historical case against the Fed.

The Tarnished Fed

The Tarnished Fed
Author: Jim Kudlinski
Release: 2014-11-04
Editor: Page Publishing Inc
Pages: 270
ISBN: 9781634171854
Language: en
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DESCRIPTION BOOK:

Describes the inner workings of the Federal Reserve.

The Fed

The Fed
Author: Martin Mayer
Release: 2001
Editor: Simon and Schuster
Pages: 377
ISBN: 9780684847405
Language: en
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DESCRIPTION BOOK:

A timely, inside look at America's Federal Reserve System reveals how the Fed has reinvented itself in response to changes in the new economy, explaining how it works, how it has changed, its impact on modern business and financial institutions, and more. 50,000 first printing.

Federal Reserve Requirements Act of 1978

Federal Reserve Requirements Act of 1978
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Release: 1978
Editor: Unknown
Pages: 356
ISBN: STANFORD:36105019587877
Language: en
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DESCRIPTION BOOK:

Fed Up

Fed Up
Author: Danielle DiMartino Booth
Release: 2017-02-14
Editor: Penguin
Pages: 288
ISBN: 9780735211667
Language: en
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DESCRIPTION BOOK:

A Federal Reserve insider pulls back the curtain on the secretive institution that controls America’s economy After correctly predicting the housing crash of 2008 and quitting her high-ranking Wall Street job, Danielle DiMartino Booth was surprised to find herself recruited as an analyst at the Federal Reserve Bank of Dallas, one of the regional centers of our complicated and widely misunderstood Federal Reserve System. She was shocked to discover just how much tunnel vision, arrogance, liberal dogma, and abuse of power drove the core policies of the Fed. DiMartino Booth found a cabal of unelected academics who made decisions without the slightest understanding of the real world, just a slavish devo­tion to their theoretical models. Over the next nine years, she and her boss, Richard Fisher, tried to speak up about the dangers of Fed policies such as quanti­tative easing and deeply depressed interest rates. But as she puts it, “In a world rendered unsafe by banks that were too big to fail, we came to understand that the Fed was simply too big to fight.” Now DiMartino Booth explains what really happened to our economy after the fateful date of December 8, 2008, when the Federal Open Market Committee approved a grand and unprecedented ex­periment: lowering interest rates to zero and flooding America with easy money. As she feared, millions of individuals, small businesses, and major corporations made rational choices that didn’t line up with the Fed’s “wealth effect” models. The result: eight years and counting of a sluggish “recovery” that barely feels like a recovery at all. While easy money has kept Wall Street and the wealthy afloat and thriving, Main Street isn’t doing so well. Nearly half of men eighteen to thirty-four live with their parents, the highest level since the end of the Great Depression. Incomes are barely increasing for anyone not in the top ten percent of earners. And for those approaching or already in retirement, extremely low interest rates have caused their savings to stagnate. Millions have been left vulnerable and afraid. Perhaps worst of all, when the next financial crisis arrives, the Fed will have no tools left for managing the panic that ensues. And then what? DiMartino Booth pulls no punches in this exposé of the officials who run the Fed and the toxic culture they created. She blends her firsthand experiences with what she’s learned from dozens of high-powered market players, reams of financial data, and Fed docu­ments such as transcripts of FOMC meetings. Whether you’ve been suspicious of the Fed for decades or barely know anything about it, as DiMartino Booth writes, “Every American must understand this extraordinarily powerful institution and how it affects his or her everyday life, and fight back.”

Fed Power

Fed Power
Author: Lawrence Jacobs,Desmond King
Release: 2021-03
Editor: Oxford University Press, USA
Pages: 305
ISBN: 9780197573129
Language: en
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DESCRIPTION BOOK:

Lawrence Jacobs and Desmond King's Fed Power is the first sustained examination of the Fed as a potent political institution that systematically provides concealed advantages to a privileged few. The authors trace the Fed's historic development from the fiery tug-of-war over monetary policy during the 19th century to its current position as the most important institution in the American economy, possessing unparalleled capacity and autonomy to intervene inprivate markets.

Small Business Tax Needs

Small Business Tax Needs
Author: United States. Congress. Senate. Select Committee on Small Business
Release: 1975
Editor: Unknown
Pages: 470
ISBN: PURD:32754077660672
Language: en
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DESCRIPTION BOOK:

The Federal Reserve

The Federal Reserve
Author: Stephen H. Axilrod
Release: 2013-05-01
Editor: Oxford University Press
Pages: 160
ISBN: 9780199323869
Language: en
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DESCRIPTION BOOK:

The Federal Reserve System--the central bank of the United States, better known as The Fed--has never been more controversial. Criticism has reached such levels that Congressman Ron Paul, contender for the Republican presidential nomination in 2012, published End the Fed, with blurbs from musician Arlo Guthrie and actor Vince Vaughn. And yet, amid a slow economy and partisan gridlock, the Fed has never been more important. Stephen H. Axilrod explains this influential agency-its powers, operations, how it sets policy-in The Federal Reserve, a timely addition to Oxford's acclaimed series, What Everyone Needs to Know®. Of the two major governmental tools for shaping the economy, Congress controls fiscal policy-taxation and spending-and the Fed makes monetary policy-influencing how much money circulates in the economy, and how quickly. Traditionally the Fed has relied on three instruments: open-market operations (buying and selling U.S. bonds), lending to banks, and setting reserve requirements on bank deposits. It also helps to regulate the financial system. Drawing on years of experience inside the Federal Reserve System, Axilrod shows how these tools actually work, and answers a series of increasingly detailed questions in the series format. He asks, for instance, if the system of regional Fed banks needs modification for today's technological landscape; if there is corruption in the Fed's governance; what happens to profits from its operations; the impact of political pressure; the extent of Congressional oversight; and just how independent it truly is. Whether discussing the Fed's balance sheet through the financial crisis of 2008 and beyond, the federal funds rate, or the international context, Axilrod displays a mastery of his subject. Coming in time for the Fed's 100th anniversary in 2013, this book deftly explains an institution that every American needs to understand. What Everyone Needs to Know® is a registered trademark of Oxford University Press.

Unlocking the Secrets of the Fed

Unlocking the Secrets of the Fed
Author: David M. Jones
Release: 2002-11-14
Editor: John Wiley & Sons
Pages: 272
ISBN: 9780471445623
Language: en
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DESCRIPTION BOOK:

Written by America's most respected Fed watcher-Dr. David Jones-Unlocking the Secrets of the Fed gets inside the world of monetary and fiscal policymaking and explains how understanding and anticipating the actions of the Federal Reserve is critical to your investment success. This straightforward and well-rounded guide offers a wealth of practical information on the leading economic policy institution in the world-the Federal Reserve. This unique book: * Addresses the impact of Federal Reserve actions on the economy and the average American's wealth-creation potential * Closely examines the Fed's policy objectives, operating techniques, and favorite financial and economic indicators * Reviews the modern-day Fed's main challenges * Underscores the important role that psychology plays in our nation's economic expansions and contractions * Explains asset price bubbles and the implications for the economy * Assesses the performance of contemporary Fed leaders such as William McChesney Martin, Paul Volcker, and Alan Greenspan As one of the pioneers of "Fed watching," Dr. Jones knows all there is to know about the Federal Reserve. Take this opportunity to learn how the Federal Reserve's decisions affect your investments as well as the economy as a whole.

The Power and Independence of the Federal Reserve

The Power and Independence of the Federal Reserve
Author: Peter Conti-Brown
Release: 2017-10-10
Editor: Princeton University Press
Pages: 372
ISBN: 9780691178387
Language: en
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DESCRIPTION BOOK:

An in-depth look at the history, leadership, and structure of the Federal Reserve Bank The independence of the Federal Reserve is considered a cornerstone of its identity, crucial for keeping monetary policy decisions free of electoral politics. But do we really understand what is meant by "Federal Reserve independence"? Using scores of examples from the Fed's rich history, The Power and Independence of the Federal Reserve shows that much common wisdom about the nation's central bank is inaccurate. Legal scholar and financial historian Peter Conti-Brown provides an in-depth look at the Fed's place in government, its internal governance structure, and its relationships to such individuals and groups as the president, Congress, economists, and bankers. Exploring how the Fed regulates the global economy and handles its own internal politics, and how the law does—and does not—define the Fed's power, Conti-Brown captures and clarifies the central bank's defining complexities. He examines the foundations of the Federal Reserve Act of 1913, which established a system of central banks, and the ways that subsequent generations have redefined the organization. Challenging the notion that the Fed Chair controls the organization as an all-powerful technocrat, he explains how institutions and individuals—within and outside of government—shape Fed policy. Conti-Brown demonstrates that the evolving mission of the Fed—including systemic risk regulation, wider bank supervision, and as a guardian against inflation and deflation—requires a reevaluation of the very way the nation's central bank is structured. Investigating how the Fed influences and is influenced by ideologies, personalities, law, and history, The Power and Independence of the Federal Reserve offers a uniquely clear and timely picture of one of the most important institutions in the United States and the world.