How Long to Read Imagining the Fed

How Long Does it Take to Read Imagining the Fed?

It takes the average reader 4 hours and 20 minutes to read Imagining the Fed by Nicolas Thompson

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

Description

Imagining the Fed traces a six-decade struggle to shape the Federal Reserve's policymaking organs, the Washington-based Board and the Federal Open Market Committee. Conventional wisdom holds that Congress ended the system's struggle in 1935 by granting the Board a voting majority on the open market committee, establishing its Fed primacy. Yet, this book shows that the Fed's struggle continued flaring to yield consequential changes until 1970, when the modern Fed emerged. Nicolas Thompson explores how the Fed's evolution from a weak and fragmented sprawl into the world's most powerful central bank paralleled broader changes in the American polity. The rise and fall of hegemonic political parties remade the Board and elevated its Fed position, while the wars of the twentieth century concentrated Fed power in New York. When peace returned, however, system agents inherited a central bank that veered from the law, inviting renewed struggle. This process continued into the 1960s, when an ascendant Democratic Party loaded the Board with economists, who remade it in their image. Later partisan choices to launch unfunded wars at home and abroad unleashed inflationary forces which severed the dollar's link to gold. Freed from its golden fetters, monetary policy emerged as a domestic policy realm and Fed power durably concentrated in a new Board technocracy.

How long is Imagining the Fed?

Imagining the Fed by Nicolas Thompson is 255 pages long, and a total of 65,025 words.

This makes it 86% the length of the average book. It also has 79% more words than the average book.

How Long Does it Take to Read Imagining the Fed Aloud?

The average oral reading speed is 183 words per minute. This means it takes 5 hours and 55 minutes to read Imagining the Fed aloud.

What Reading Level is Imagining the Fed?

Imagining the Fed 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 Imagining the Fed?

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