A History of the Federal Reserve, Volume 2, Book 2, 1970-1986

A History of the Federal Reserve, Volume 2, Book 2 offers solutions for improving the Federal Reserve. It argues that as a regulator of financial firms and lender of last resort, it should focus more attention on incentives for reform, medium-term consequences, and rule-like behavior for mitigating financial crises. At a time when the United States finds itself in an unprecedented financial crisis, Meltzer’s fascinating history will be the source of record for scholars and policymakers navigating an uncertain economic future.