Must-Read: William McChesney Martin (1958): “And If the Federal Reserve…

Must-Read: And if the Federal Reserve System were to adopt bad policies in the hope of preserving its political independence, its political independence is already lost…

William McChesney Martin (1958): Discussion: “If the System should lose its independence in the process of fighting for sound money…

…that would indeed be a great feather in its cap and ultimately its success would be great…

December 20, 2015

AUTHORS:

Brad DeLong
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