{"title":"Federal Reserve Behavior and the Limits of Monetary Policy in the Current Economic Crisis","authors":"G. Epstein","doi":"10.4337/9781788978415.00009","DOIUrl":null,"url":null,"abstract":"In August 1979, virtually everyone with wealth and in the know were trying to get out of dollars. They were buying gold. They were buying anything \"real\" they could get their hands on. The dollar was in a free fall. And after presiding over three years of rapid, but inflationary economic growth, so was Jimmy Carter.","PeriodicalId":355709,"journal":{"name":"The Political Economy of Central Banking","volume":"149 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2019-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"The Political Economy of Central Banking","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.4337/9781788978415.00009","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 1
Abstract
In August 1979, virtually everyone with wealth and in the know were trying to get out of dollars. They were buying gold. They were buying anything "real" they could get their hands on. The dollar was in a free fall. And after presiding over three years of rapid, but inflationary economic growth, so was Jimmy Carter.
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