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The Federal Reserve puncturing the myth

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  • "James Buchanan and David Fand discuss the creation, history, Constitutional status, and influence and power of the Federal Reserve Board. They argue that the Federal Reserve Board often receives unwarranted credit for the effects of its policy decisions. They discuss whether the Fed follows the market instead of leading it and why they believe that the Fed has escaped both public and political criticism and, in fact, has been rewarded for its failures."

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  • "The Federal Reserve puncturing the myth"