The Fed and the U.S. Constitution: Too Much Independence?

Autor/inn/en	Suiter, Mary C.; Schug, Mark C.
Titel	The Fed and the U.S. Constitution: Too Much Independence?
Quelle	In: Social Education, 76 (2012) 2, S.72-76 (5 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0037-7724
Schlagwörter	Federal Government; Banking; United States History; Power Structure; Constitutional Law; Theory Practice Relationship; Money Management; Finance Reform; Political Power; Economic Development; Institutional Autonomy; Accountability; Federal State Relationship; Economics Education + Suchen Sie Ihr Suchwort? Bundesregierung; Bankgeschäft; Staatsrecht; Theorie-Praxis-Beziehung; Financial reform; Finanzreform; Politische Macht; Wirtschaftsentwicklung; Institutionelle Autonomie; Verantwortung; Bund-Länder-Beziehung; Wirtschaftskunde
Abstract	Central banking in the United States has a long and controversial history dating back to the earliest days of the republic. One of the most widely presented arguments against a central bank has been that the U.S. Constitution does not expressly grant the federal government power to charter a bank. Recently, this issue has received new scrutiny in response to the actions taken by the Federal Reserve System to address the financial crisis of 2007-09: lending more than $1.5 trillion to financial institutions, buying $1.25 trillion of mortgage-backed securities to stabilize the economy, and implementing other nontraditional forms of monetary policy. The authors briefly examine the early days of central banking in the United States and use that discussion as a basis to understand the Fed today, especially the characteristics of political independence, accountability, and constitutionality. (Contains 7 notes and 4 online resources.) (ERIC).
Anmerkungen	National Council for the Social Studies. 8555 Sixteenth Street #500, Silver Spring, MD 20910. Tel: 800-683-0812; Tel: 301-588-1800; Fax: 301-588-2049; e-mail: membership@ncss.org; Web site: http://www.socialstudies.org
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10