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Politics : Stockman Scott's Political Debate Porch

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To: Jim Willie CB who wrote (10222)	12/10/2002 9:19:21 PM
From: Mike M2	Read Replies (1) of 89467

Jim, some food for the Jackass fff.org Send to a friend Monetary Central Planning and the State, Part 4: Benjamin Anderson and the False Goal of Price-Level Stabilization by Richard M. Ebeling, April 1997 Hardly any economists in America anticipated that price-level stabilization during the 1920s would lead to the economic depression that began in October 1929. One of the few who saw a danger in this policy of the Federal Reserve System was Benjamin M. Anderson. As the senior economist for the Chase National Bank of New York City throughout this period, Dr. Anderson authored The Chase Economic Bulletin, which was usually published four to five times every year. He offered detailed analyses of the economic currents in the United States, with special attention to monetary and banking policy and its likely effects on general market conditions. He also often critically evaluated the theories underlying Federal Reserve policy, most particularly the notion of stabilizing the price level as a guide for economic stability. Anderson's book is avaible at Liberty Press

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