Keynes asked whether his 'visionary' ideas would overcome the
interests opposed to change. However, an examination of the
histories of monetary and fiscal policies suggests that this is a
false distinction. The interests and ideas associated with
government policies are seldom opposed. The suspicion that the
latter more often follows than confronts the former is supported by
the experiences documented in this book. Professor Wood's new title
examines the controlling influences that drive macroeconomic
policies in the United States. The book addresses the history of
the interests, ideas, and practices of monetary and fiscal policies
in the U.S., although it also examines macro-policies in other
countries, particularly the UK. Professor Wood argues that economic
policies in the United States have been relatively predictable and
stable historically, through a detailed examination of conflicts
over taxes and monetary policy such as the whiskey rebellion, Magna
Carta, the Stamp Act, the Banks of the U.S., and the Federal
Reserve. Issues covered also include property, economists' theories
of stabilization, taxes, deficits, and monetary policy.
|Country of origin:
||Routledge Explorations in Economic History
John H. Wood
||Electronic book text
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