Efficient Macro Concept (eBook)

U.S. Monetary, Industrial, and Foreign Exchange Policies

William Mannen (Autor)

eBook Download: EPUB

2018
208 Seiten
Lexington Books (Verlag)
978-1-4985-6003-0 (ISBN)

Infos

This book argues that monetary side policies focused on spurring GDP growth and output offer an alternative to more conventional supply and demand side approaches. These policies are an extension of central banking, which has developed for over a century in the United States.

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The United States has had a tumultuous monetary and banking history. The bitter Bank War during Andrew Jackson's presidency meant that the country never developed a central bank in the 1800s. The preCivil War monetary standard was deflationary until the fortuitous California gold discovery. Political turmoil erupted later in the nineteenth century over whether the government should freely coin silver. Meanwhile, Congress imposed a banking system that virtually drove bank reserves into stock market speculation. Even when the Federal Reserve was finally established in 1913, it was initially decentralized and unable to effectively respond to the Great Depression. From this narrative emerges a money supply increasingly managed by central banking authorities and increasingly nationalized with the end of the gold standard. Efficient Macro Concept: U.S. Monetary, Industrial, and Foreign Exchange Policies shows that the next step forward is a set of industrial and foreign exchange policy options for driving real growth in the economy. Stronger economic growth is possible through specialized institutions and transactions rooted in the tradition of central banking but flexible and compatible with free enterprise and balanced budgets.

Autor

William Mannen is a lawyer with a JD from Washington University in St. Louis.

Inhalt

Part I: The Money Supply in Historical PerspectiveChapter 1: Beyond Monetary PolicyChapter 2: The Development of a Specie StandardChapter 3: The U.S. Banks and Antebellum PanicsChapter 4: Greenbacks, Gold, and Silver PurchasesChapter 5: The National Banking SystemChapter 6: Reform Proposals and LegislationChapter 7: The Early Federal ReserveChapter 8: The Great DepressionChapter 9: Postwar AdjustmentsChapter 10: The Great InflationChapter 11: The Fiat EraPart II: Industrial and Foreign Exchange Policy OptionsChapter 12: The Need for EfficiencyChapter 13: EDAS IChapter 14: EDAS IIChapter 15: EDAS IIIChapter 16: CNFChapter 17: EDAS IVChapter 18: ESFChapter 19: Monetary Policy Outflow/InflowChapter 20: Market StabilityGlossaryBibliography

Produkt-Details

• Erscheint lt. Verlag: 6.3.2018
• Sprache: englisch
• Themenwelt: Recht / Steuern ► EU / Internationales Recht
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht ► Bank- und Kapitalmarktrecht
• Themenwelt: Wirtschaft ► Allgemeines / Lexika
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
• Schlagworte: dollare appreciation • Federal Reserve • fiat monetary standard • Foreign Exchange Policy • GDP Growth • gold standard • Great Inflation • Manufacturing • monetary policy • Money Supply
• ISBN-10: 1-4985-6003-2 / 1498560032
• ISBN-13: 978-1-4985-6003-0 / 9781498560030