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Federal Reserve



  • The Libertarian Ideas That Wrecked the Fed

    by Bruce Bartlett

    Friedman’s ardent libertarian faith was central to his monetarist thinking; like all libertarians, he was always extremely wary of anything that would cause the size of government to grow.



  • Wall Street Wins – Again: Bailouts in the Time of Coronavirus

    by Nomi Prins

    If ground-up solutions to help ordinary Americans and small businesses aren’t adopted, one thing is predictable: once this crisis has been “managed,” we’ll be set up for a larger one in an even more disparate world.



  • Stephen Mihm: The Woman Who Broke Into the Fed

    Stephen Mihm, an associate professor of history at the University of Georgia, is a contributor to the TickerThe jockeying to succeed Ben Bernanke as the chairman of the Federal Reserve Board appears to pit Fed Vice Chairman Janet Yellen against a field that includes former Treasury Secretary Larry Summers and former Vice Chairman Donald Kohn. If Yellen becomes the first woman to hold the post -- despite a few sexist swipes from Summers' supporters -- she’ll owe a special debt to Nancy Teeters, who broke the glass ceiling at the Fed when she became the first female member of the board in 1978.



  • Roger Lowenstein: The Federal Reserve’s Framers Would Be Shocked

    Roger Lowenstein is writing a history of the Federal Reserve.ONE hundred years ago today, President Woodrow Wilson went before Congress and demanded that it “act now” to create the Federal Reserve System. His proposal set off a fierce debate. One of the plan’s most strident critics, Representative Charles A. Lindbergh Sr., the father of the aviator, predicted that the Federal Reserve Act would establish “the most gigantic trust on earth,” and that the Fed would become an economic dictator or, as he put it, an “invisible government by the money power.”