The fed unbound : central banking in a time of crisis / Lev Menand.

New York : Columbia Global Reports, [2022]

HG2565 .M46 2022

9781735913704 (paperback)
1735913707 (paperback)
9781735913711 (ebook)

173 pages : illustrations, map ; 19 cm

(OCoLC)1291568148

"It is a bedrock principle of the US Constitution that Congress, as representatives of the people, sets economic policy and directs government resources. This all changed thirteen years ago, and even more dramatically during the pandemic. The Federal Reserve operates independently from the rest of the government, and can create as much money as it sees fit and use it without the prior approval of Congress, the courts, or the President. When the Fed creates new money to address economic problems, it helps certain groups, like powerful business interests, and becomes a massive driver of inequality. Menand tells the story of how the Fed became out of control during the 2008 financial crisis and the 2020 pandemic, and what can be done about it"-- Provided by publisher.

Includes bibliographical references.

Online version: Menand, Lev. Fed unbound New York, NY : Columbia Global Reports, [2022] 9781735913711 (DLC) 2021059232

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