So far, throughout this primer, I've claimed that central banks have one overarching task to perform: their job, I said, is to "regulate the overall availability of liquid assets, and through it the general course of spending, prices, and employment, in the economies they oversee." I've also…
CMFA Director George Selgin recently appeared on EconTalk, the weekly podcast from the Library for Economics and Liberty hosted by Russ Roberts. He and Russ discussed the causes of the 2007–08 financial crisis and the Fed's response to it, with George drawing on his Alt-M reviews (see…
Last week I attended a talk and panel discussion at Brookings, in which Roger Lowenstein discussed his new book on the Fed's origins. I have much to say about that book, and I eventually plan to say some of it here. But for the moment my concern…