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June 28, 2023

In Search of a Monetary Standard: A Review of Robert Hetzel's The Federal Reserve: A New History

Blog: AIER | American Institute for Economic Research

Laura Williams

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Abstract

"The price system worked exceptionally well precisely because the Fed had successfully established a credible nominal anchor. As a result, the economy could sustain a historically low unemployment rate." ~ Bryan P. Cutsinger

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English

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