02652cam a2200397 i 450000100090000000300080000900500170001700600190003400700030005300800410005601000170009702000290011402000260014304000280016904100080019704200080020504300120021305000240022508200160024910000260026524501550029126400400044630000300048633600260051633700280054233800270057050400510059752013050064861000350195365000270198865000470201565000370206265000120209965000140211177601290212519018750BJBSDDR20230411090827.0a|||||r|||| 00| 0 ta160317s2016    nyu      b    001 0 eng    a  2015045934  a9781594038310 (hardback)  a1594038317 (hardback)  aDLCbengcDLCerdadDLC  aeng  apcc  an-us---14aHG 2563bT158w 201600a332.1/109731 aTamny, John, d1970- 10aWho needs the Fed? :bwhat Taylor Swift, Uber, and robots tell us about money, credit, and why we should abolish America's central bank /cJohn Tamny. 1aNew York :bEncounter Books,c2016.  axviii, 202 pages ;c24 cm  atextbtxt2rdacontent  aunmediatedbn2rdamedia  avolumebnc2rdacarrier  aIncludes bibliographical references and index.  a"The Federal Reserve is one of the most disliked entities in the United States at present, right alongside the IRS. Americans despise the Fed, but they're also generally a bit confused as to why they distrust our central bank.  Their animus is reasonable, though, because the Fed's most famous function-targeting the Fed funds rate-is totally backwards. John Tamny explains this backwardness in terms of a Taylor Swift concert followed by a ride home with Uber.  In modern times, he points out, the notion of credit has been perverted, so that most people believe it's money and that the supply of it can therefore be increased. This false notion has aggrandized the Fed with power that it can't possibly use wisely. The contrast between the grinding poverty of Baltimore and the abundance of Silicon Valley helps illustrate the problem, along with stories about Donald Trump, Robert Downey Jr., Jim Harbaugh (the Michigan football coach), and robots.  Who Needs the Fed? makes a sober case against the Federal Reserve by explaining what credit really is, and why the Fed's existence is inimical to its creation. Readers will come away entertained, much more knowledgeable, and prepared to argue that the Fed is merely superfluous on its best days but perilous on its worst"--cProvided by publisher.24aSistema de la Reserva Federal  0aFederal Reserve banks. 0aBanks and banking, CentralzUnited States. 4aBancos centraleszEstados Unidos 0aCredit. 4aCrédito08iOnline version:aTamny, John, author.tWho needs the Fed?dNew York : Encounter Books, 2016z9781594038327w(DLC) 2016014394