An Episodic History of Modern Fed Independence
By Peter J. Boettke
Despite many steps taken to ensure its independence, the Federal Reserve still succumbs to political pressures. This pessimistic conclusion is consistent with both empirical studies and an anecdotal analysis of the tenure of each modern Fed chairperson from William Martin to Ben Bernanke.
|Other Independent Review articles by Peter J. Boettke|
|Spring 2020||Misess Human Action and Its Place in Science and Intellectual Culture|
|Fall 2019||What Happens When the Economic Past Is Left to the Kindness of Its Enemies?|
|Winter 2018/19||Stephen Margoliss Contributions to Economics and Political Economy|
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