Efficient Macro Concept

Efficient Macro Concept

The United States has had a tumultuous history when it comes to money and banking. The bitter Bank War of the 1830s meant that the country never developed a central bank in the 1800s. The pre-Civil War monetary standard was deflationary until the fortuitous California gold discovery. Political turmoil erupted later in the century over whether the government should freely coin silver. Meanwhile, Congress implemented a banking system that virtually drove bank reserves… (more)

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Book Details  


Publisher: Lexington Books (March 06, 2018)

Page count: 208 pages

Language: English


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