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Featured Book

The Menace of Fiscal QE

As the Federal Reserve struggles to fulfill its mandate in a world of low and falling interest rates, it faces yet another challenge: that of resisting a new threat to its hard‐​won independence. In his brief but systematic study, George Selgin reviews the movement favoring fiscal QE, shows how it threatens both the Fed’s independence and democratic control of government spending, and counters claims that it offers a low‐​cost means for financing such spending.

Contributors
George Selgin

Senior Fellow and Director Emeritus, Center for Monetary and Financial Alternatives, Cato Institute

Lawrence H. White

Senior Fellow, Cato Institute’s Center for Monetary and Financial Alternatives, and Professor of Economics, George Mason University

Jennifer J. Schulp

Director of Financial Regulation Studies, Center for Monetary and Financial Alternatives, Cato Institute

Norbert Michel

Vice President and Director, Center for Monetary and Financial Alternatives