Semantron 20 Summer 2020

Should we abolish the FED?

Bibliography

Akerlof, G. and Shiller, R. (2010). Animal Spirits . Princeton, p.59-86. Aliber, R. and Kindleberger, C. (2005) Manias, Panics and Crashes: a history of financial crises . New Jersey Bagehot, Walter (1873). Lombard Street: A Description of the Money Market . 2008. p. 32. Bernanke, B. (2000) Essays on the Great Depression . Princeton, p. 7. Blinder, A. (2010) ‘How Central Should the Central Bank Be?’ CEPS Working Paper No. 198 Durden, T. (2013) ‘ 11 Reasons Why the Federal Reserve Should Be Abolished ’, https://www.zerohedge.com/news/2013-05-07/11-reasons-why-federal-reserve-should- beabolished. Consulted: 30/07/19 Irwin, N. (2013) The Alchemists: Three Central Bankers and a World on Fire . New York Koba, M. (2012) ‘If the Federal Reserve is abolished, what then’, https://www.cnbc.com/2012/02/08/if-the-federal-reserve-is-abolished-what-then.html Lowenstein, R. ‘Be Careful Wishing for the Fed’s End’, https://www.nytimes.com/2011/05/01/weekinreview/01fed.html?module=ArrowsNav&co ntentCollection=Week%20in%20Review&action=keypress®ion=FixedLeft&pgtype=artic le Consulted: 30/07/19 Rothbard, M. N. (1994) The Case Against the Fed . Ludwig von Mises Institute, Auburn. pp. 139, 141. White C. (2017) ‘ Nobody Really Knows What the Fed Does, but They Think It's Bad Anyway ’, https://www.nbcnews.com/business/economy/nobody-really-knows-what-feddoes-they- think-it-s-n786091. Consulted:30/07/19 White H. (2012) ‘ Should We End the Fed ? ’ https://www.youtube.com/watch?v=a_s6ofhyqWw Consulted: 30/07/2019 Zumbrun, J. (2010) ‘ Majority of Americans Say Fed Should Be Reined In or Abolished, Poll Shows ’, Bloomberg, 9/12/10. Consulted: 30/07/19

Graphs

1. Board of Governors of the Federal Reserve System (US), All Federal Reserve Banks: Total Assets

[WALCL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/WALCL. Consulted: 05/10/20

2. Board of Governors of the Federal Reserve System (US), Effective Federal Funds Rate

[FEDFUNDS], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/FEDFUNDS. Consulted: 05/07/20

3.

GDP (1996-Dollars) from United States Census Bureau - Historical Statistics (https://www.census.gov\/compendia/statab/hist_stats.html ), other data from San Jose State University (http://www.sjsu.edu/faculty/watkins/depmon.htm ). All data adjusted to 1929 = 100%. Consulted: 05/07/20

4. Bureau of Labour Statistics (US), United States Historical CPI Inflation Rate , retrieved from Trading Economics, https://tradingeconomics.com/united-states/inflation-cpi Consulted: 05/07/20

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