Tyler Cowen of George Mason University reviews “A History of the Federal Reserve. Volume 2. Book Two: 1970-1986” by Allan H. Meltzer, Allan H. Meltzer,. The EconLit Abstract of the reviewed work begins “Chronicles the evolution and development of the U.S. Federal Reserve from the Nixon administration to the end of the Great Inflation in the mid-1980s. Discusses international monetary problems, 1964-71; under controls--Camp David and beyond; why monetary policy failed again in the 1970s; disinflation; restoring stability, 1983-86; and past problems and future opportunities. An epilogue discusses the role of the Federal Reserve in the current economic crisis. Book One explores the Federal Reserve’s history from 1951 to 1969. Meltzer is Allan H. Meltzer University Professor of Political Economy at Carnegie Mellon University. Index.”
A Review of Allan Meltzer's 'A History of the Federal Reserve, Volume 2'
