The Fed Unbound
Central Banking in a Time of Crisis

Le livre avec lequel j'aurais aimé commencer à comprendre la raison d'être de la FED. D'une institution dont la genèse était liée à des besoins nationaux, elle s'est transformée en prêteur de dernier ressort mondial (FED unbound). Pourquoi? Parce que la demande de dollars hors de sa juridiction a, en......more

The author occasionally gets a little lost in the weeds, but this is an extremely helpful book and invaluable resource for understanding the history of the Fed and its revolutionary approaches to the '08 crash and the coronavirus. If I understand correctly, Menand argues that the Fed's massive progr......more

This is actually a fantastic book and it really deserves 5 stars but I can’t get away from the statist appeal in the last chapter, effectively: “the govt will solve all your problems.” First, the good: Lev gives an incredible backdrop as to why the Fed exists, the history of its creation and the mech......more

A comprehensive overview of the Federal Reserve's history in the current context. I am an accountant by trade, Finance adjacent by profession. I read and hear a lot of terms I don't fully understand: shadow banks, repos, cash equivalents, fractional reserve banking, etc. This book helped me more cle......more

I both loved and was frustrated by different parts of this book. On the one hand, I share many of the deep principles and objectives Lev Menand brings to the work: a primarily monetary view of banking, a strong skepticism of increasing mission creep at the federal reserve, and high concern for the g......more