Efficient Macro Concept

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

William Mannen (Autor)

Buch | Hardcover

208 Seiten

2018
Lexington Books (Verlag)
978-1-4985-6002-3 (ISBN)

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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.

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 pre–Civil 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.

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

Part I: The Money Supply in Historical Perspective
Chapter 1: Beyond Monetary Policy
Chapter 2: The Development of a Specie Standard
Chapter 3: The U.S. Banks and Antebellum Panics
Chapter 4: Greenbacks, Gold, and Silver Purchases
Chapter 5: The National Banking System
Chapter 6: Reform Proposals and Legislation
Chapter 7: The Early Federal Reserve
Chapter 8: The Great Depression
Chapter 9: Postwar Adjustments
Chapter 10: The Great Inflation
Chapter 11: The Fiat Era
Part II: Industrial and Foreign Exchange Policy Options
Chapter 12: The Need for Efficiency
Chapter 13: EDAS I
Chapter 14: EDAS II
Chapter 15: EDAS III
Chapter 16: CNF
Chapter 17: EDAS IV
Chapter 18: ESF
Chapter 19: Monetary Policy Outflow/Inflow
Chapter 20: Market Stability
Glossary
Bibliography

Erscheinungsdatum	10.05.2021
Verlagsort	Lanham, MD
Sprache	englisch
Maße	158 x 237 mm
Gewicht	503 g
Themenwelt	Wirtschaft ► Allgemeines / Lexika
Themenwelt	Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
ISBN-10	1-4985-6002-4 / 1498560024
ISBN-13	978-1-4985-6002-3 / 9781498560023
Zustand	Neuware