Book notes: Imagining the Fed, by Nicolas Thompson

Worthwhile take on institution’s evolution – shame that examination isn’t longer and broader

Imagining the Fed, by Nicolas Thompson

Nicolas Thompson, Imagining the Fed: the struggle for the heart of the Federal Reserve, 1913–1970, SUNY Press, 2021, 338 pages

The US was slow to settle on a permanent central bank, even though by 1913 – still during the heyday of the Gold Standard – it was already the largest industrial economy and had been for some decades.

In this relatively short new book, Nicolas Thompson, a politics academic at the University of South Florida, traces aspects of the evolution of the Federal Reserve

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