In search of the monetary standard
The organization of the book
What causes the monetary disorder that produces real disorder?
Why the Fed failed in the Depression: the 1920s antecedents
A fiat money standard: free reserves operating procedures and gold
A narrative account of the 1920s
Attacking speculative mania
The Great Contraction: 1929-33
The guiding role of governor Harrison and the NY Fed
Contemporary critics in the Depression
From World War II to the 1953 Recession
LAW (Lean-against-the-Wind) and long and variable lags
From price stability to inflation
Stop-go and the collapse of a stable nominal anchor
The Volcker Fed and the birth of a new monetary standard
The 2008 financial crisis
Recovery from the Great Recession
Covid-19 and the Fed's credit policy
Covid-19 and the Fed's monetary policy: flexible-average-inflation targeting
How can the Fed control inflation?
Making the monetary standard explicit
What is the optimal monetary standard?
