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Monetary Policy as If Inflation Hardly Matters.

The article reviews Leah Downey's "Our Money: Monetary Policy as If Democracy Matters," which argues for stronger congressional control over the Federal Reserve to democratize monetary policy, even at the expense of low inflation or conventional economic efficiency. Topics include central bank indep...

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Publicado en:Independent Review Vol. 30; no. 3; pp. 521 - 532
Autor principal: WHITE, LAWRENCE H.
Formato: Literary Criticism
Publicado: Independent Institute Winter2025/2026
Materias:
Board of Governors of the Federal Reserve System (U.S.)
Legislative oversight
Price inflation
Monetary policy
Inflation targeting
Political economic analysis
Democratization
Paper money
Acceso en línea:Ver este registro en EBSCOhost
Sumario:The article reviews Leah Downey's "Our Money: Monetary Policy as If Democracy Matters," which argues for stronger congressional control over the Federal Reserve to democratize monetary policy, even at the expense of low inflation or conventional economic efficiency. Topics include central bank independence, congressional oversight, fiat money, inflation targeting, and the political economy of monetary policy.