How Long to Read Central Banking in a Democracy

How Long Does it Take to Read Central Banking in a Democracy?

It takes the average reader 3 hours and 43 minutes to read Central Banking in a Democracy by John H. Wood

Assuming a reading speed of 250 words per minute. Learn more

Description

The Federal Reserve System, which has been Congress’s agent for the control of money since 1913, has a mixed reputation. Its errors have been huge. It was the principal cause of the Great Depression of the 1930s and the inflation of the 1970s, and participated in the massive bailouts of financial institutions at taxpayers' expense during the recent Great Recession. This book is a study of the causes of the Fed’s errors, with lessons for an improved monetary authority, beginning with an examination of the history of central banks, in which it is found that their performance depended on their incentives, as is to be expected of economic agents. An implication of these findings is that the Fed’s failings must be traced to its institutional independence, particularly of the public welfare. Consequently, its policies have been dictated by special interests: financial institutions who desire public support without meaningful regulation, as well as presidents and those portions of Congress desiring growing government financed by inflation. Monetary stability (which used to be thought the primary purpose of central banks) requires responsibility, meaning punishment for failure, instead of a remote and irresponsible (to the public) agency such as the Fed. It requires either private money motivated by profit or Congress disciplined by the electoral system as before 1913. Change involving the least disturbance to the system suggests the latter.

How long is Central Banking in a Democracy?

Central Banking in a Democracy by John H. Wood is 222 pages long, and a total of 55,944 words.

This makes it 75% the length of the average book. It also has 68% more words than the average book.

How Long Does it Take to Read Central Banking in a Democracy Aloud?

The average oral reading speed is 183 words per minute. This means it takes 5 hours and 5 minutes to read Central Banking in a Democracy aloud.

What Reading Level is Central Banking in a Democracy?

Central Banking in a Democracy is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Central Banking in a Democracy?

Central Banking in a Democracy by John H. Wood is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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