John H. Wood
Author
Description
Central banks in Great Britain and the United States arose early in the financial revolution. The Bank of England was created in 1694 while the first Banks of the United States appeared in 1791-1811 and 1816-36, and were followed by the Independent Treasury, 1846-1914. These institutions, together with the Suffolk Bank and the New York Clearing House, exercised important central banking function before the creation of the Federal Reserve System in...
Author
Description
Keynes asked whether his 'visionary' ideas would overcome the interests opposed to change.
However, an examination of the histories of monetary and fiscal policies suggests that this is a false distinction.
The interests and ideas associated with government policies are seldom opposed.
The suspicion that the latter more often follows than confronts the former is supported by the experiences documented in this book.
Professor Wood's new title examines...