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Criticism Of The Federal Reserve
The Federal Reserve System, commonly known as "the Fed," has faced various criticisms since its establishment in 1913. Critics have questioned its effectiveness in managing inflation, regulating the banking system, and stabilizing the economy. Notable critics include Nobel laureate economist Milton Friedman and his fellow monetarist Anna Schwartz, who argued that the Fed's policies exacerbated the Great Depression. Libertarian figures such as Ron Paul and Rand Paul have called for greater transparency and accountability, with Ron Paul advocating for the Fed's abolition and a return to a gold standard. Critics have also raised concerns about the Fed's role in fractional reserve banking, its contribution to economic cycles, and its transparency. Expansionary policies, such as lowering interest rates and increasing the money supply, have been blamed for creating asset bubbles, inflation, and other economic distortions. The Fed has been accused of causing economic downturns, incl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Marriner S
Marriner is both a surname and a given name. Notable people with the name include: Surname: Ricky Marriner (born 1984), Soldier British Army * Andre Marriner (born 1971), English professional football referee who officiates in the Premier League * Andrew Marriner (born 1954), British classical clarinettist * Chelsea Marriner, dog handler and trainer from New Zealand * Craig Marriner (born 1974), New Zealand novelist *Sir Neville Marriner (1924–2016), English conductor and violinist * Steve Marriner, Canadian multi-instrumentalist Given name: * Marriner Stoddard Eccles (1890–1977), U.S. banker, economist and member and chairman of the Federal Reserve * Marriner W. Merrill (1832–1906), Canadian-born member of the Quorum of the Twelve Apostles of The Church of Jesus Christ of Latter-day Saints * Edmund Marriner Gill (1820–1894), English landscape painter who favoured waterfalls See also * Mount Marriner, a mountain in the Antarctic * Mariner (other) {{given na ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
United States Senate
The United States Senate is a chamber of the Bicameralism, bicameral United States Congress; it is the upper house, with the United States House of Representatives, U.S. House of Representatives being the lower house. Together, the Senate and House have the authority under Article One of the United States Constitution, Article One of the Constitution of the United States, U.S. Constitution to pass or defeat federal legislation. The Senate also has exclusive power to confirm President of the United States, U.S. presidential appointments, to approve or reject treaties, and to convict or exonerate Impeachment in the United States, impeachment cases brought by the House. The Senate and the House provide a Separation of powers under the United States Constitution, check and balance on the powers of the Federal government of the United States#Executive branch, executive and Federal judiciary of the United States, judicial branches of government. The composition and powers of the Se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Central Bank
A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Many central banks also have supervisory or regulatory powers to ensure the stability of commercial banks in their jurisdiction, to prevent bank runs, and, in some cases, to enforce policies on financial consumer protection, and against bank fraud, money laundering, or terrorism financing. Central banks play a crucial role in macroeconomic forecasting, which is essential for guiding monetary policy decisions, especially during times of economic turbulence. Central banks in most developed nations are usually set up to be institutionally independent from political interference, even though governments typically have governance rights over them, legislative bodies exercise scrutiny, and central banks frequently do show resp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Inflation
In economics, inflation is an increase in the average price of goods and services in terms of money. This increase is measured using a price index, typically a consumer price index (CPI). When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of CPI inflation is deflation, a decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index. Changes in inflation are widely attributed to fluctuations in Real versus nominal value (economics), real demand for goods and services (also known as demand shocks, including changes in fiscal policy, fiscal or monetary policy), changes in available supplies such as during energy crisis, energy crises (also known as supply shocks), or changes in inflation expectations, which may be self-fulfilling. Moderat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Murray Rothbard
Murray Newton Rothbard (; March 2, 1926 – January 7, 1995) was an American economist of the Austrian School,Ronald Hamowy, ed., 2008, The Encyclopedia of Libertarianism', Cato Institute, Sage, , p. 62: "a leading economist of the Austrian school"; pp. 11, 365, 458: "Austrian economist". Economic history, economic historian, Political philosophy, political theorist, and Activism, activist. Rothbard was a central figure in the 20th-century American libertarian movement, particularly its Right-libertarianism, right-wing strands, and was a founder and leading theoretician of anarcho-capitalism (as termed by Rothbard; but later opposing the 'anarchism' label on both etymological and historical grounds).Rothbard, Murray (1950s)"Are Libertarians 'Anarchists'?"/ref> He wrote over twenty books on political theory, history, economics, and other subjects. Rothbard argued that all services provided by the "monopoly system of the corporate state" could be provided more efficiently by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
The Case Against The Fed
''The Case Against the Fed'' is a 1994 book by Murray N. Rothbard criticising the United States Federal Reserve, fractional reserve banking, and central banks in general. It details a history of fractional reserve banking and the influence that bankers have had on monetary policy over the last few centuries. Rothbard argues that the claim that the Federal Reserve is designed to fight inflation is sophistry, that price inflation is caused only by an increase in the money supply, and that since only banks increase the money supply, then banks, including the Federal Reserve, are the only source of inflation. He writes: "Unlike the days of the gold standard, it is impossible for the Federal Reserve to go bankrupt; it holds the legal monopoly of counterfeiting (of creating money out of thin air) in the entire country. . . . Neat trick if you can get away with it!" Publishing History In English * The Case Against the Fed. Alabama: Mises Institute, 1994; In Portuguese * ''Pe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Federal Reserve Bank Of Boston
The Federal Reserve Bank of Boston, commonly known as the Boston Fed, is responsible for the First District of the Federal Reserve, which covers New England: Maine, Massachusetts, New Hampshire, Rhode Island, Vermont and all of Connecticut except Fairfield County. The code of the Bank is A1, meaning that dollar bills from this Bank will have the letter A on them. The Boston Fed describes its mission as promoting "growth and financial stability in New England and the nation". The Boston Fed also includes the New England Public Policy Center. Current Federal Reserve Bank of Boston president is Susan Collins, who is the first Black woman and the first woman of color to lead any of the 12 regional Federal bank branches. It has been headquartered since 1977 in the distinctive tall, 32-story Federal Reserve Bank Building at 600 Atlantic Avenue, Boston. Designed by architecture firm Hugh Stubbins & Associates, the tower portion of the building is suspended between two towers on e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Woodrow Wilson
Thomas Woodrow Wilson (December 28, 1856February 3, 1924) was the 28th president of the United States, serving from 1913 to 1921. He was the only History of the Democratic Party (United States), Democrat to serve as president during the Progressive Era when Republicans dominated the presidency and United States Congress, legislative branches. As president, Wilson changed the nation's economic policies and led the United States into World War I. He was the leading architect of the League of Nations, and his stance on foreign policy came to be known as Wilsonianism. Born in Staunton, Virginia, Wilson early life of Woodrow Wilson, grew up in the Southern United States during the American Civil War and Reconstruction era. After earning a Doctor of Philosophy, Ph.D. in history and political science from Johns Hopkins University, Wilson taught at several colleges prior to being appointed president of Princeton University, where he emerged as a prominent spokesman for progressivism ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
President Of The United States
The president of the United States (POTUS) is the head of state and head of government of the United States. The president directs the Federal government of the United States#Executive branch, executive branch of the Federal government of the United States, federal government and is the Powers of the president of the United States#Commander-in-chief, commander-in-chief of the United States Armed Forces. The power of the presidency has grown since the first president, George Washington, took office in 1789. While presidential power has ebbed and flowed over time, the presidency has played an increasing role in American political life since the beginning of the 20th century, carrying over into the 21st century with some expansions during the presidencies of Presidency of Franklin D. Roosevelt, Franklin D. Roosevelt and Presidency of George W. Bush, George W. Bush. In modern times, the president is one of the world's most powerful political figures and the leader of the world's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Virginia
Virginia, officially the Commonwealth of Virginia, is a U.S. state, state in the Southeastern United States, Southeastern and Mid-Atlantic (United States), Mid-Atlantic regions of the United States between the East Coast of the United States, Atlantic Coast and the Appalachian Mountains. The state's List of capitals in the United States, capital is Richmond, Virginia, Richmond and its most populous city is Virginia Beach, Virginia, Virginia Beach. Its most populous subdivision is Fairfax County, Virginia, Fairfax County, part of Northern Virginia, where slightly over a third of Virginia's population of more than 8.8million live. Eastern Virginia is part of the Atlantic Plain, and the Middle Peninsula forms the mouth of the Chesapeake Bay. Central Virginia lies predominantly in the Piedmont (United States), Piedmont, the foothill region of the Blue Ridge Mountains, which cross the western and southwestern parts of the state. The fertile Shenandoah Valley fosters the state's mo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Carter Glass
Carter Glass (January 4, 1858 – May 28, 1946) was an American newspaper publisher and Democratic Party (United States), Democratic politician from Lynchburg, Virginia, Lynchburg, Virginia. He represented Virginia in both houses of United States Congress, Congress and served as the United States Secretary of the Treasury under President Woodrow Wilson. He played a major role in the establishment of the U.S. Bank regulation in the United States, financial regulatory system, helping to establish the Federal Reserve System and the Federal Deposit Insurance Corporation. After working as a newspaper editor and publisher, Glass won election to the Senate of Virginia in 1899. He was a delegate to the Virginia Constitutional Convention of 1902, where he was an influential advocate for Racial segregation in the United States, segregationist policies. Historian J. Douglas Smith described him as “the architect of disenfranchisement in the Old Dominion.” He also promoted Progressivism ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Member Of Congress
A member of congress (MOC), also known as a congressman or congresswoman, is a person who has been appointed or elected and inducted into an official body called a congress, typically to represent a particular constituency in a legislature. The term member of parliament (MP) is an equivalent term within a parliamentary system of government. Philippines In the Congress of the Philippines, the title ''member of congress'' is almost never used; instead, legislators are called ''congressmen'' or ''congresswomen''. However, these terms apply only to members of the House of Representatives, not to members of the Senate, who are called ''senators''. United States In referring to an individual lawmaker's capacity of serving in the United States Congress, a bicameral federal legislature, the term ''member of congress'' is used less often than other terms in the United States. This is because in the United States, the word ''Congress'' is used as a descriptive term for the collective bod ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
