Showing posts with label Banking Act of 1935. Show all posts
Showing posts with label Banking Act of 1935. Show all posts

Sunday, July 24, 2016

Miles Kimball — Peter Conti-Brown on Marriner Eccles and the Refounding of the Fed


New book on Marriner Eccles. How Eccles anticipated Keynes, as had Hjalmar Schacht in running the Reichsbank. Conventional economists still have not caught up with what savvy bankers knew then, even though Keynes explained it to them, Post Keynesians elaborated on it, and MMT economists delineated the operations.

Confessions of a Supply Side Liberal
Miles Kimball | Professor of Economics and Survey Research at the University of Michigan