Book notes: The Federal Reserve: a new history, by Robert L Hetzel
This book should become the standard reference for scholars
Robert L Hetzel, The Federal Reserve: a new history, University of Chicago Press, January 2023, 696 pages
The purpose of economic history is not just to recount what happened in the past; the goal should be a better understanding of our current policy problems. Milton Friedman and Anna Schwartz’s classic, A monetary history of the United States, examined mistakes made during the early history of the Federal Reserve and used that analysis to make claims about the proper role of monetary policy.
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