One of the unfortunate legacies of Monetarism is the belief that the Federal Reserve can manipulate the money supply to ensure “price stability.” Such policies aggravate the boom-bust cycles and undermine the economy.
One of the unfortunate legacies of Monetarism is the belief that the Federal Reserve can manipulate the money supply to ensure “price stability.” Such policies aggravate the boom-bust cycles and undermine the economy.
Modern “antiracist” historians have pursued the myth
The Federal Reserve continues to be the
