[![Media Name: cato-journal-v34-n2.jpg](/sites/cato.org/files/styles/serial_cover_phone/public/serials/covers/cato-journal-v34-n2.jpg?itok=o3wBpzI5)](https://www.cato.org/sites/cato.org/files/serials/files/cato-journal/2014/5/cato-journal-v34n2.pdf) 

# Spring/​Summer 2014 

Vol. 34 No. 2 

[ 

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](https://www.cato.org/sites/cato.org/files/serials/files/cato-journal/2014/5/cato-journal-v34n2.pdf) 

Was the Fed a Good Idea?

##### Articles 

#### [Editor’s Note ](/cato-journal/springsummer-2014/editors-note)

By [James A. Dorn](https://www.cato.org/people/james-dorn) 

#### [A Limited Central Bank ](/cato-journal/springsummer-2014/limited-central-bank)

By Charles I. Plosser 

#### [A Century of Central Banking: What Have We Learned? ](/cato-journal/springsummer-2014/century-central-banking-what-have-we-learned)

By [Jerry L. Jordan](https://www.cato.org/people/jerry-jordan) 

#### [Operation Twist-the-Truth: How the Federal Reserve Misrepresents Its History and Performance ](/cato-journal/springsummer-2014/operation-twist-truth-how-federal-reserve-misrepresents-its-history)

By [George Selgin](https://www.cato.org/people/george-selgin) 

#### [The Need for a Price Stability Mandate ](/cato-journal/springsummer-2014/need-price-stability-mandate)

By Athanasios Orphanides 

#### [The Troubling Suppression of Competition from Alternative Monies: The Cases of the Liberty Dollar and E‑gold ](/cato-journal/springsummer-2014/troubling-suppression-competition-alternative-monies-cases-liberty)

By [Lawrence H. White](https://www.cato.org/people/lawrence-white) 

#### [Clearing House Currency ](/cato-journal/springsummer-2014/clearing-house-currency)

By [Richard H. Timberlake Jr.](https://www.cato.org/people/richard-timberlake) 

#### [Nominal GDP Targeting: A Simple Rule to Improve Fed Performance ](/cato-journal/springsummer-2014/nominal-gdp-targeting-simple-rule-improve-fed-performance)

By Scott Sumner 

#### [Fed versus Market Regulation ](/cato-journal/springsummer-2014/fed-versus-market-regulation)

By [Jeb Hensarling](https://www.cato.org/people/jeb-hensarling) 

#### [Market Discipline Beats Regulatory Discipline ](/cato-journal/springsummer-2014/market-discipline-beats-regulatory-discipline)

By [John A. Allison](https://www.cato.org/people/john-allison) 

#### [How Should Financial Markets Be Regulated? ](/cato-journal/springsummer-2014/how-should-financial-markets-be-regulated)

By [Kevin Dowd](https://www.cato.org/people/kevin-dowd) and Martin Hutchinson 

#### [The Case for a Centennial Monetary Commission ](/cato-journal/springsummer-2014/case-centennial-monetary-commission)

By Rep. Kevin Brady 

#### [Prospects for Fundamental Monetary Reform ](/cato-journal/springsummer-2014/prospects-fundamental-monetary-reform)

By Gerald P. O’Driscoll Jr. 

#### [Why the Fed’s Monetary Policy Has Been a Failure ](/cato-journal/springsummer-2014/why-feds-monetary-policy-has-been-failure)

By R. David Ranson 

#### [The Federal Reserve and the Dollar ](/cato-journal/springsummer-2014/federal-reserve-dollar)

By Lewis E. Lehrman 

##### Book Reviews 

##### [*Rise of the Warrior Cop: The Militarization of America’s Police Forces* by Radley Balko](/cato-journal/springsummer-2014/book-review-rise-warrior-cop-militarization-americas-police-forces)

By [Jonathan Blanks](https://www.cato.org/people/jonathan-blanks) 

##### [*Foreign Policy Begins at Home: The Case for Putting America’s House in Order* by Richard N. Haass](/cato-journal/springsummer-2014/book-review-foreign-policy-begins-home-case-putting-americas-house)

By Travis Evans 

##### [*Why Capitalism?* by Allan H. Meltzer](/cato-journal/springsummer-2014/book-review-why-capitalism)

By [Tom G. Palmer](https://www.cato.org/people/tom-g-palmer) 

##### [*Change They Can’t Believe In: The Tea Party and Reactionary Politics in America* by Christopher S. Parker and Matt A. Barreto](/cato-journal/springsummer-2014/book-review-change-they-cant-believe-tea-party-reactionary-politics)

By [Emily Ekins](https://www.cato.org/people/emily-ekins) 

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