How the U.S. Treasury Avoided Chronic Deflation by Relinquishing Monetary Control to Wall Street

The Eurozone today is going into the same deflationary situation that the U.S. did under Jackson's destruction of the Second Bank, and the post-Civil War budget surpluses that deflated the economy. But whereas the Fed's creation was designed to inflate the U.S. economy, Europe's European Central Bank is designed to deflate it — in the interest of commercial banks in both cases

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Year of publication:	2015
Authors:	Hudson, Michael
Publisher:	[2015]: [S.l.] : SSRN
Subject:	USA \| United States \| Deflation \| Geldpolitik \| Monetary policy \| Finanzkrise \| Financial crisis \| Staatspapier \| Government securities

Extent:	1 Online-Ressource (21 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 21, 2015 erstellt
Other identifiers:	10.2139/ssrn.2677282 [DOI]
Classification:	E5 - Monetary Policy, Central Banking and the Supply of Money and Credit ; G1 - General Financial Markets ; G2 - Financial Institutions and Services ; N1 - Macroeconomics and Monetary Economics; Growth and Fluctuations ; N2 - Financial Markets and Institutions ; N4 - Government, War, Law, and Regulation
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013013334