Click here for NICC Library Webpage
Click here for NICC Library Webpage
Click here to loginLoginView my BookbagMy List - 0HelpHelp
 Search 
 My Account 
 ID Information 
 Calmar New Materials 
 Peosta New Materials 
   
Advanced AlphabeticalBasicHistory
Search:    Refine Search  
> You're searching: Northeast Iowa Community College
 
Item Information
 HoldingsHoldings
 
 
 More by this author
 
  •  
    		• Jacobs, Lawrence R.
     
  •  
    		• King, Desmond S.
     
     Subjects
     
  •  
    		• USA. Federal Reserve Board.
     
  •  
    		• Federal Reserve banks -- History.
     
  •  
    		• Banks and banking, Central -- United States -- History.
     
  •  
    		• Monetary policy -- United States -- History.
     
  •  
    		• Government accountability -- United States -- History.
     
  •  
    		• Equality -- United States -- History.
     
  •  
    		• Democracy -- United States -- History.
     
  •  
    		• POLITICAL SCIENCE / Public Policy / Economic Policy.
     
  •  
    		• POLITICAL SCIENCE / General.
     
  •  
    		• Banks and banking, Central
     
  •  
    		• Democracy
     
  •  
    		• Equality
     
  •  
    		• Federal Reserve banks
     
  •  
    		• Government accountability.
     
  •  
    		• Monetary policy
     
  •  
    		• Zentralbank.
     
  •  
    		• Geldpolitik.
     
  •  
    		• Wirkungsanalyse
     
  •  
    		• Macht
     
  •  
    		• Finanzkrise.
     
  •  
    		• Zentralbankunabhängigkeit
     
  •  
    		• Demokratie.
     
  •  
    		• USA
     
  •  
    		• Geldpolitik.
     
  •  
    		• Macht
     
  •  
    		• Wirtschaftskrise.
     
  •  
    		• Banche della riserva federale -- 2008-2009.
     
  •  
    		• United States
     
  •  
    		• United States
     
     Browse Catalog
      by author:
     
  •  
    		•  Jacobs, Lawrence R.
     
  •  
    		•  King, Desmond S.
     
      by title:
     
  •  
    		•  Fed power : how fina...
     
     
     
     MARC Display
    Fed power : how finance wins / Lawrence R. Jacobs and Desmond King.
    by Jacobs, Lawrence R., King, Desmond S.
    New York, NY : Oxford University Press, [2016].
    Description: 
    viii, 252 pages : illustrations ; 25 cm
    Contents: 
    Why Fed power matters -- The rise of the Fed state -- Concealed advantage -- The Fed's legitimacy gap -- Preparing for the next financial crisis.
    Summary: 
    "Fed Power reveals how America's central bank undermined democratic accountability and widened economic inequality. It traces the Fed's historic rise to unparalleled power and capacity on domestic policy and its unilateral decisions during the 2008-9 financial crisis to leverage half of the country's net worth to the benefit of finance"-- Provided by publisher.
    The Federal Reserve is the most powerful central bank in the world. Without its central bank, America would be subject to devastating fluctuations in currency value and chronic economic instability. To stabilize the economy, the Fed adjusts interest rates and intervenes in the economy more directly when appropriate. According to most Fed observers, it as an impartial referee exercising its independence free from political interference in order to advance the best interests of America. Its actions during the Great Recession were heroic, saving the American and indeed the world economy from a far worse fate. Wrong. Lawrence Jacobs and Desmond King's Fed Power is the first sustained examination of the Fed as a potent political institution that systematically provides concealed advantages to a privileged few. The authors trace the Fed's historic development from the fiery tug-of-war over monetary policy during the 19th century to its current position as the most important institution in the American economy, possessing unparalleled capacity and autonomy to intervene in private markets. Yet despite its power and resources, it was asleep at the wheel when the crisis hit. After it hit, the Fed acted swiftly to contain the crisis, but in the process exposed its real preferences. Jacobs and King dissect how the Fed's programs during the Great Recession funneled enormous sums to a select few in the finance industry while leaving Main Street businesses adrift and millions of homeowners underwater. Far from serving the national interest, the Fed increased economic inequality in America and further enriched the "one percent." America is heading into the next financial crisis without an effective central bank. 'End the Fed' is a popular slogan that not only voices the people's displeasure with the Fed's favoritism, but also speaks to a national feeling of the Fed's illegitimacy. Of course, we need a powerful and capable central bank - getting rid of it is a roadmap to mass unemployment and impoverishment. Jacobs and King present an energetic reform agenda to build the sort of accountable central bank that other countries, like Canada, already possess and which can help ensure that the economy remains stable and prosperous for all and not just a few.
    Add to my list 
    Copy/Holding information
    LocationCollectionCall No.CopyStatus 
    Calmar Campus LibraryCirculation Stacks (Calmar)332.1 Jac2016Checked InAdd Copy to MyList

    Format:HTMLPlain textDelimited
    Subject: 
    Email to:


    Horizon Information Portal 3.25_9807
     Powered by SirsiDynix
    © 2001-2013 SirsiDynix All rights reserved.
    Horizon Information Portal