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 ...
In this Occasional Paper, Professor Otmar Issing, the leading monetary economist and one of Europe's most influential central bankers, argues that price stability is a 'common good' and that it is better in the hands of an independent ...
... much power and so much discretion to a few men that mistakes – excusable or ... central bank. But it is a bad system even to those who set security higher ... too serious a matter to be left to the Central Bankers. Constraining monetary ...
... too much different from today , the first BUS pushed for a stable currency ... central bank was established and it lasted until 1834 when hard - money ... too serious a matter to be left to central bankers . " For some Freidman's comment is too ...
... much power and so much discretion to a few men, (so) that mistakes ... central bank... To paraphrase Clemenceau: money is much too serious a matter to be left to the ... money Our relationship with money is one 178 The Economics of Happiness.
... important policy actions highly dependent on accidents of personality. This is the key technical argument against an “independent” bank. To paraphrase Clemenceau, money is much too serious a matter to be left to the Central Bankers By ...
... matter to be left to the central bankers. Money is so crucial an element in the economy, yet also largely an invisible one, that even what appear to be insignificant changes in the monetary structure can have far-reaching and 261 11. An ...
... central bank . . . To paraphrase Clemenceau: money is much too serious a matter to be left to the Central Bankers. —Milton Friedman54 President Obama has displayed an uncompromising arrogance that gets in the way of making sound ...
Tucker presents guiding principles for ensuring that central bankers and other unelected policymakers remain stewards of the common good.
Based on detailed research and consultation with experts, including the Bank of England, this book reviews theoretical and historical debates on the nature of money and banking and explains the role of the central bank, the Government and ...