Book notes: The young Fed: the banking crises of the 1920s and the making of a lender of last resort, by Mark Carlson
A thoughtful book on an important topic and a less widely studied period of US financial history from which every central bank economist could learn
Mark Carlson, The young Fed: the banking crises of the 1920s and the making of a lender of last resort, University of Chicago Press, 2025, 240 pages
This is an interesting, well written and thoughtful book that will introduce many readers to one of the less widely studied periods of US financial history. It starts after the founding of the Federal Reserve System and ends before the great contraction of the 1930s.
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