The Federal Reserve System

Name: The Federal Reserve System
Author: Sennholz

1958

by Sennholz

Central BankingFederal ReserveHans F. SennholzWoodrow WilsonBank of EnglandGold ReservesReichsbankCredit ExpansionDiscount RateMoney SupplyNeutral MoneyBankingInterest RatesOpen Market OperationsFree BankingBusiness CyclesCapitalismSocialismGold StandardInflationKarl MarxNew DealPrice ControlsInterventionismProperty Rights

Table of Contents · 15 segments

Original Article Title Page and Framing Questionsfront_matter

I. Origins of the Federal Reserve and European Central Bank Modelsessay

II. Rediscounting and the Expansion of Federal Reserve Lending Authorityessay

III. Open-Market Operations and Central Credit Controlessay

IV. Reserve Requirements and Multiple Credit Expansionessay

V. Appraisal of the Federal Reserve’s Economic Poweressay

VI. Inflation, Socialism, Government Finance, and Marx’s Centralization of Creditessay

About This Article: Reprints, Publication, and Subscription Informationappendix

American Opinion Reprint Title Page and Framing Questionsfront_matter

I. Revised Origins, Elastic Currency, and Political Controlessay

II. Revised Account of Rediscounting and Broadened Lending Powersessay

III. Revised Account of Open-Market Operationsessay

IV. Revised Account of Reserve Requirements and Credit Expansionessay

V. Revised Appraisal of Inflation, Depreciation, and Interventionismessay

VI. Emergency Banking Regulations and Future Federal Reserve Powersessay