May, 2019
Political Economy of the Fed’s Unconventional Monetary and Credit Policies
Lawrence H. White
Distinguished Senior Fellow, F. A. Hayek Program for Advanced Study in Philosophy, Politics and EconomicsScott A. Burns
Contact us
To speak with a scholar or learn more on this topic, visit our contact page.Additional details
Find the full article here.
Most textbooks and professional literature on monetary policy assume that the Federal Reserve seeks only to promote the public interest. Many of the Fed’s actions over the past decade, particularly those actions that show signs of favoritism to particular firms, however, are difficult to square with that assumption.