Money in Crisis: The Federal Reserve, the Economy, and Monetary Reform

Despite the best intentions, policies to manipulate money supply and interest rates to achieve steady real economic growth, low unemployment and low inflation have caused the US economy to suffer repeated bouts of inflation and recession. This collection explores the record of the Federal Reserve from 1913 to today and proposes bold new directions for reform, including free-market banking, gold and other commodity-reserve currencies, and constitutional limits on fiscal and monetary policy.