who needs the fed

BOOK EXCERPT:

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.

Product Details :

Genre : Business & Economics
Author : John Tamny
Publisher : Encounter Books
Release : 2016-05-24
File : 224 Pages
ISBN-13 : 9781594038327

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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.

Product Details :

Genre : Political Science
Author : Ron Paul
Publisher : Grand Central Publishing
Release : 2009-09-16
File : 224 Pages
ISBN-13 : 9780446568180

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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.

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Genre : Business & Economics
Author : S. H. Axilrod
Publisher : Oxford University Press on Demand
Release : 2013-06-06
File : 141 Pages
ISBN-13 : 9780199934485

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An insider's account of the workings of the Federal Reserve, thoroughly updated to encompass the Fed's action (and inaction) during the recent financial meltdown. Stephen Axilrod is the ultimate Federal Reserve insider. He worked at the Fed's Board of Governors for more than thirty years and after that in private markets and as a consultant on monetary policy. With Inside the Fed, he offers his unique perspective on the inner workings of the Federal Reserve System during the last fifty years. This new, post-financial meltdown edition offers his assessment of the Fed's action (and inaction) during the crisis and expanded coverage of the Fed in the Bernanke era. Great leadership in monetary policy, Axilrod says, is determined not by pure economic sophistication but by the ability to push through political and social barriers to achieve a paradigm shift in policy—and by the courage and bureaucratic moxie to pull it off.

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Genre : Business & Economics
Author : Stephen H. Axilrod
Publisher : MIT Press
Release : 2011-02-18
File : 240 Pages
ISBN-13 : 9780262294447

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A critical look at over 80 years of conflict, collusion, andcorruption between financiers and politicians Undue Influence paints a vivid portrait of the dealings between"the few", in this case members of Congress, the banking community,and the Fed, and sheds light on how radical new deregulatorymeasures could be introduced by unelected officials and thenfoisted upon Congress in the name of progress. In the process, thebackground of the new financial elite is examined-because they aremarkedly different than their predecessors of the 1920s and 1930s.Undue Influence also brings readers up to speed on other importantissues, including how the financial elite has been able toperpetuate itself, how the markets lend themselves to these specialinterest groups, and how it is possible that after 80 years offinancial regulation and regulatory bodies the same problems offinancial malfeasance and fraud still plague the markets. Charles R. Geisst (Oradell, NJ) is the author of 15 books,including Wheels of Fortune (0-471-47973-X), Deals of the Century(0-471-26397-4) and the bestsellers Wall Street: A History and 100Years of Wall Street. Geisst has taught both political science andfinance, worked in banking and finance on Wall Street and inLondon, as well as consulted. His articles have been published inthe International Herald Tribune, Neue Zurcher Zeitung, Newsday,Wall Street Journal, and Euromoney.

Product Details :

Genre : Business & Economics
Author : Charles R. Geisst
Publisher : John Wiley & Sons
Release : 2004-11-17
File : 336 Pages
ISBN-13 : 9780471701491

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Forbes editor John Tamny uses entertaining stories from sports, movies, popular culture, and famous businesses to demonstrate the basic principles of economics. The Rolling Stones, the Dallas Cowboys, and Paris Hilton become examples of good and bad tax policy. The Godfather, Gone With the Wind, and The Sopranos reveal the downside of antitrust regulation, while the Michigan Wolverines’ 2007 loss to Appalachian State explains why regulations often fail to achieve their intended purpose. NBA star LeBron James’ exploits on the basketball court illustrate free trade and comparative advantage, while the cooking of chicken wings makes the case for a stable dollar. Popular Economics is an everyman’s guide to how money really works—a lesson politicians try (and fail) to grasp every day.

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Genre : Business & Economics
Author : John Tamny
Publisher : Simon and Schuster
Release : 2015-04-13
File : 256 Pages
ISBN-13 : 9781621573920

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

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Genre : Business & Economics
Author : Laurence M. Ball
Publisher : Cambridge University Press
Release : 2018-06-07
File : 278 Pages
ISBN-13 : 9781108420969

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BOOK EXCERPT:

"By far the most secret and least accountable operation of the federal government is not, as one might expect, the CIA, DIA, or some other super-secret intelligence agency. They are accountable: a Congressional committee supervises these operations, controls their budgets, and is informed of the covert activities. It is little known that there is a federal agency that tops the others in secrecy by a country mile. The Federal Reserve System is accountable to no one; it has no budget; it is subject to no audit; and no Congressional committee knows or, or can truly supervise, its operations. The Federal Reserve, virtually in total control of the nation's vital monetary system, is accountable to nobody--and this strange situation, if acknowledged at all, is invariably trumpeted as a virtue"--Page 4 of cover.

Product Details :

Genre : Federal Reserve banks
Author :
Publisher : Ludwig von Mises Institute
Release : 2007
File : 158 Pages
ISBN-13 : 9781610164795

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Genre :
Author : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publisher :
Release : 1978
File : 122 Pages
ISBN-13 : UOM:39015076082083

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"Sport Finance, Third Edition," allows students to grasp fundamental concepts in sport finance, even if they have not previously studied finance. The text engages students with a practical approach to traditionally difficult financial skills and principles.

Product Details :

Genre : Business & Economics
Author : Gil Fried
Publisher : Human Kinetics
Release : 2013
File : 421 Pages
ISBN-13 : 9781450421041

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