Book notes: The Federal Reserve: a new history, by Robert L Hetzel

This book should become the standard reference for scholars

Book_The Federal Reserve A New History

Robert L Hetzel, The Federal Reserve: a new history, University of Chicago Press, January 2023, 696 pages

The purpose of economic history is not just to recount what happened in the past; the goal should be a better understanding of our current policy problems. Milton Friedman and Anna Schwartz’s classic, A monetary history of the United States, examined mistakes made during the early history of the Federal Reserve and used that analysis to make claims about the proper role of monetary policy.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account