When we start to perceive that there is a problem in the market (such as monopoly, fraud or speculation), the legislature passes a law to correct it, a bureaucracy is created to interpret and enforce the new law, firms and other market participants comply, and the problem is solved. But is it?...

"It is widely believed that central banks have grown (the Bank of England) or were established (the Federal Reserve) to pursue the twin objectives of monetary and price stability. But why should they? Central bankers are people, too, whose behavior is presumably determined, like the rest of us,...

1. Introduction -- 2. Early central banks -- 3. Central banking in the United States, 1847-1913 -- 4. The Federal Reserve sysyem, 1913-51 -- 5. The Federal Reserve, 1951-99 -- 6. The Great Recession -- 7. Bank regulation -- 8. Conclusion : the necessity and possibility of replacing the Fed.

chapter 1 Introduction -- part Part I Fiscal policy -- chapter 2 Interests: A history of tax conflicts -- chapter 3 Ideas: The theory of stabilization policy -- chapter 4 Practice: The stability of Federal government deficits -- part Part II Monetary policy -- chapter 5 The interests and...

Negative attitudes toward invertebrates are a deep-seated, visceral response among Western peoples. These internalized aversions toward insects and other terrestrial arthropods, both in general and specifically as a food source, subtly and systemically contribute to unsustainable global...