Monetary Policy in the United States: An Intellectual and Institutional History

Richard Timberlake

Central banking in the United States has been largely a series of politically inspired, self-serving actions that have burdened the private economy, concludes economist Richard H. Timberlake of the University of Georgia. Drawing extensively on congressional debates, government documents, and other primary sources, Timberlake chronicles the "economic and political circumstances, events, and ideas that have led to the practice of positive, progressive, discretionary governmental control of the U.S. monetary and banking system." Published by the University of Chicago Press and the Cato Institute.

"An impressive work of scholarship that will undoubtedly become a standard reference work."
-Milton Friedman

1993/502pp./$28 paper ISBN: 0-226-80384-8

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