Has the Fed Been aFailure?
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a href=http://www.cato.org/policy-report/novemberdecember-2012 Has the Fed Been anbsp;Failure? /a
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As the one hundredth birthday of the Federal Reserve System approaches, it seems appropriate to once again take stock of our monetary system. In a href=https://www.cato.org/policy-report/novemberdecember-2012the latest issue of emCato Policy Report/em/a, economists a href=https://www.cato.org/people/george-selginGeorge Selgin/a, William D. Lastrapes, and a href=https://www.cato.org/people/lawrence-whiteLawrence H. White/a survey the relevant research and a href=https://object.cato.org/sites/cato.org/files/serials/files/policy-report/2012/11/cprv34n6-1.pdfconclude/a that the Federal Reserve System has not lived up to its original promise. Also in this issue, new president a href=https://www.cato.org/people/john-allisonJohn A. Allison/a shares his a href=https://object.cato.org/sites/cato.org/files/serials/files/policy-report/2012/11/cprv34n6-2.pdfthoughts on joining the Cato Institute/a. ullia href=https://www.cato.org/policy-report/novemberdecember-2012November/December 2012 Issue of emCato Policy Report/em/a/li
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