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  • THE POLITICAL ECONOMY OF U.S. MONETARY POLICY
    ebook
    THE POLITICAL ECONOMY OF U.S. MONETARY POLICY
    EDWIN DICKENS
    Mainstream economists explain the Federal Reserve’s behavior over its one hundred years of existence as (usually failed) attempts to stabilize the economy on a non-inflationary growth path. The most important monetary event during those first one hundred years was the replacement of fixed exchange rates, based on a gold-exchange standard, with flexible exchange rates. In this b...

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