Allan H. Meltzer's critically acclaimed history of the Federal Reserve is the most ambitious, most intensive, and most revealing investigation of the subject ever conducted. Its first volume, published to widespread critical acclaim in 2003, spanned the period from the institution's founding in 1913 to the restoration of its independence in 1951. This two-part second volume of the history chronicles the evolution and development of this institution from the Treasury-Federal Reserve accord in 1951 to the mid-1980s, when the great inflation ended. It reveals the inner workings of the Fed during a period of rapid and extensive change. An epilogue discusses the role of the Fed in resolving our current economic crisis and the needed reforms of the financial system.
In rich detail, drawing on the Federal Reserve's own documents, Meltzer traces the relation between its decisions and economic and monetary theory, its experience as an institution independent of politics, and its role in tempering inflation. He explains, for example, how the Federal Reserve's independence was often compromised by the active policy-making roles of Congress, the Treasury Department, different presidents, and even White House staff, who often pressured the bank to take a short-term view of its responsibilities. With an eye on the present, Meltzer also offers solutions for improving the Federal Reserve, arguing that as a regulator of financial firms and lender of last resort, it should focus more attention on incentives for reform, medium-term consequences, and rule-like behavior for mitigating financial crises. Less attention should be paid, he contends, to command and control of the markets and the noise of quarterly data.
At a time when the United States finds itself in an unprecedented financial crisis, Meltzer's fascinating history will be the source of record for scholars and policy makers navigating an uncertain economic future.
Allan H. Meltzer is the Allan H. Meltzer University Professor of Political Economy at Carnegie Mellon University and a distinguished visiting fellow of the Hoover Institution.
With clarity and humor, Martin Jenkins and Satoshi Kitamura take readers on a fascinating tour of the history of money.
What can take the form of a stone with a hole in the middle, a string of shells, a piece of paper, or a plastic card? The answer is money, of course. But when did we start using it? And why? What does money have to do with writing? And how do taxes and interest work? From the Stone Age to modern banking, this lighthearted and engaging account traces the history of the stuff that makes the world go round.
Martin Jenkins is the author of several nonfiction books for young readers, including The Time Book, illustrated by Richard Holland, and The Emperor s Egg, illustrated by Jane Chapman. Martin Jenkins lives in Cambridge, England.
Satoshi Kitamura has won several awards, including the Mother Goose Award, the National Art Library Award from the Victoria and Albert Museum, and a Nestle Children s Book Prize Silver Medal. He lives in Japan.
> Overview With clarity and humor, Martin Jenkins and Satoshi Kitamura take readers on a fascinating tour of the history of money. What can take the form of a stone with...
Building on the scope of Robert Friedberg's groundbreaking research, A Guide Book of United States Paper Money, 4th Edition, includes an engaging history of the paper currency of the United States. Every federal note from the ultra rare Demand Notes of 1861 to the lunch money in our wallets today is described in detail. Fascinating narrative captures the romance and history of American paper money, and also explores recent developments in the hobby and market, including the new $100 bills. The book combines the hobby-standard Friedberg numbering system with retail values and hundreds of high-resolution, full-color photos. With full-color, updated content, the fourth edition is even stronger than previous editions, which have already taken their place as popular hobby references.
David L. Ganz is a past President of the American Numismatic Association (1993-95), and for more than 40 years has written about coins and coin collecting. A lawyer by profession, he has practiced as senior partner in the New York firm of Ganz & Hollinger, P.C. since 1980. He started writing the "Under the Glass" column for "Numismatic News" in 1969, and has been a contributing editor to "Coinage Magazine" since 1973. Some of his most recent books include "The Official Guide to America's State Quarters, 2nd Edition" (Random House 2009) "Profitable Coin Collecting" (Krause Publications 2008), and "Invest in Affordable Rare Coins" (Krause Publications 2010). David L. Ganz lives in New York, New York.
> Overview Building on the scope of Robert Friedberg's groundbreaking research, A Guide Book of United States Paper Money, 4th Edition, includes an engaging history of the paper currency of the...
A "New York Times" and "Wall Street Journal" Bestseller
The importance of money in our lives is readily apparent to everyone--rich, poor, and in between. However grudgingly, most of us accept the expression "Money makes the world go round" as a universal truth. We are all aware of the power of money--how it influences our moods, compels us to take risks, and serves as the yardstick of success in societies around the world. Yet because we take the daily reality of money so completely for granted, we seldom question how and why it has come to play such a central role in our lives.
In "Coined: The Rich Life of Money And How Its History Has Shaped Us," author Kabir Sehgal casts aside our workaday assumptions about money and takes the reader on a global quest to uncover a deeper understanding of the relationship between money and humankind. More than a mere history of its subject, Coined probes the conceptual origins and evolution of money by examining it through the multiple lenses of disciplines as varied as biology, psychology, anthropology, and theology. Coined is not only a profoundly informative discussion of the concept of money, but it is also an endlessly fascinating and entertaining take on the nature of humanity and the inner workings of the mind.
Kabir Sehgal is a vice president in emerging market equities at J.P. Morgan in New York. He serves as an officer in the United States Navy Reserve, served as a speechwriter on a presidential campaign, and is a term member of the Council on Foreign Relations. He is the "New York Times" bestselling author of books including "Walk in My Shoes" (with Andrew Young) and "Jazzocracy." A Grammy-winning producer who has performed with Grammy-winning musicians as a jazz bassist, he co-founded an arts organization which merged with the Afro Latin Jazz Alliance. Sehgal is a graduate of Dartmouth College and the London School of Economics.
> Overview A "New York Times" and "Wall Street Journal" Bestseller The importance of money in our lives is readily apparent to everyone--rich, poor, and in between. However grudgingly, most of...
Bitcoin, the landmark digital money and financial technology, has spawned a global social movement with utopian ambitions. The notion of a new currency, maintained by the computers of users around the world, has been the butt of many jokes, but that has not stopped it from growing into a technology worth billions of dollars, supported by the hordes of followers who have come to view it as the most important new idea since the creation of the internet.
Believers from Beijing to Buenos Aires see the potential for a financial system free from banks and governments, and a new global money for the digital age. An unusual tale of group invention, Digital Gold tells the story of the colorful characters who have built Bitcoin, including a Finnish college student, an Argentinian millionaire, a Chinese entrepreneur, Tyler and Cameron Winklevoss, Bitcoin's elusive creator, Satoshi Nakamoto, and the founder of the Silk Road online drug market, Ross Ulbricht.
With Digital Gold, New York Times reporter Nathaniel Popper offers a brilliant and engrossing account of this new technology one filled with dramatic booms and busts that have led to untold riches for some and prison terms for others. But at each step of the way, Bitcoin has provided one of the most fascinating tests of how money works, who benefits from it, and what it might look like in the future."
Nathaniel Popper is a reporter at The New York Times. Before joining The Times, he worked at the Los Angeles Times and the Forward. Nathaniel grew up in Pittsburgh and is a graduate of Harvard College. He lives in Brooklyn with his family.
> Overview Bitcoin, the landmark digital money and financial technology, has spawned a global social movement with utopian ambitions. The notion of a new currency, maintained by the computers of users...
Excerpt from History of Coinage and Currency in the United States and the Perennial Contest for Sound Money
"Of making many books there is no end," and yet this volume seems to possess features which justify its creation. The general subject of this history has, in its different phases, been treated by many authors; but I believe there is no one work of convenient size and popular character covering the history of the coinage and currency of the United States, with data and details in chronological order, available as a book of reference. The crucial questions relating to coinage and currency which have involved the material and political interests of the country so largely throughout its history, and especially for the past quarter of a century, and the honest difference which many people have experienced in reaching right conclusions, demonstrate the present need of such a work. Most important currency questions remain to be solved, and this volume seeks to furnish a busy public, in convenient form, the experience of the past to aid in such solution.
The aim has been to place before the reader original data, so as to enable him to examine the same and reach his own conclusions. A documentary history pure and simple would be so voluminous as to possess little value save to the student and economist.
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
> Overview Excerpt from History of Coinage and Currency in the United States and the Perennial Contest for Sound Money "Of making many books there is no end," and yet this...
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> Overview This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from...