Book notes: The Myth of Independence, by Sarah Binder and Mark Spindel
Politicians would do well to heed the authors’ lessons, but their economic analysis could be stronger, writes Niels Bünemann
Sarah Binder and Mark Spindel, The Myth of Independence: How Congress Governs the Federal Reserve, Princeton University Press, 2017, 296 pages
Understanding the notion of central bank independence requires a combination of insight into economics, constitutional law, politics and history. This book by Sarah Binder and Mark Spindel is strong on the two latter subjects, somewhat weaker on the two former. This is not surprising, given the respective backgrounds of the two authors.
Binder, a senior
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