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Paperback Money and the Rule of Law Book
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ISBN: 1108790844

ISBN13: 9781108790840

Money and the Rule of Law

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Format: Paperback

Condition: New

$41.99
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Book Overview

Contemporary monetary institutions are flawed at a foundational level. The reigning paradigm in monetary policy holds up constrained discretion as the preferred operating framework for central banks. But no matter how smart or well-intentioned are central bankers, discretionary policy contains information and incentive problems that make macroeconomic stability systematically unlikely. Furthermore, central bank discretion implicitly violates the basic...

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