Book notes: Floored, by George Selgin

George Selgin, Floored: how a misguided Fed experiment deepened and prolonged the Great Recession, Cato Institute, Washington, DC, 2018, 205 pages

George Selgin does not leave his readers guessing. The subtitle warns us to anticipate a (policy) indictment of the Federal Reserve. If he is right, it is not a small claim. The Great Recession was, after all, one of the most serious recessions in many decades; and central banks exist to lean against recessions, not to worsen them.

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