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This paper reviews Allan H. Meltzer's A History of the Federal Reserve, Volume 2. This two-book volume covers Federal Reserve policies from 1951 to 1986. The book represents an enormous achievement in synthesizing a great amount of archival information into a historical account grounded on economic analysis. At the same time, Meltzer's interpretation of specific eras is open to question. He does not appear to acknowledge adequately the degree to which 1950s monetary policy decisions had a solid analytical foundation. Furthermore, Meltzer's account of the shift from the 1970s inflation to the 1980s disinflation implausibly stresses a shift in policymakers' objective function. The crucial change over this period, both in the United States and other countries, is more likely to have been policymakers' improved grasp of the connections between monetary policy and inflation. The review also takes issue with Meltzer's account, in his book's epilogue, of the financial crisis from 2007 to 2009. In this epilogue, Meltzer understates the degree to which the Federal Reserve's reaction to the financial crisis was in line with the historical practice of the Federal Reserve and other central banks.

Allan H. Meltzer’s critically acclaimed history of the Federal Reserve is the most ambitious, most intensive, and most revealing investigation of the subject ever conducted. Its first volume, published to widespread critical acclaim in 2003, spanned the period from the institution’s founding in 1913 to the restoration of its independence in 1951. This two-part second volume of the history chronicles the evolution and development of this institution from the Treasury–Federal Reserve accord in 1951 to the mid-1980s, when the great inflation ended. It reveals the inner workings of the Fed during a period of rapid and extensive change. An epilogue discusses the role of the Fed in resolving our current economic crisis and the needed reforms of the financial system. In rich detail, drawing on the Federal Reserve’s own documents, Meltzer traces the relation between its decisions and economic and monetary theory, its experience as an institution independent of politics, and its role in tempering inflation. He explains, for example, how the Federal Reserve’s independence was often compromised by the active policy-making roles of Congress, the Treasury Department, different presidents, and even White House staff, who often pressured the bank to take a short-term view of its responsibilities. With an eye on the present, Meltzer also offers solutions for improving the Federal Reserve, arguing that as a regulator of financial firms and lender of last resort, it should focus more attention on incentives for reform, medium-term consequences, and rule-like behavior for mitigating financial crises. Less attention should be paid, he contends, to command and control of the markets and the noise of quarterly data. At a time when the United States finds itself in an unprecedented financial crisis, Meltzer’s fascinating history will be the source of record for scholars and policy makers navigating an uncertain economic future.

May have limited writing in cover pages. Pages are unmarked. ~ ThriftBooks: Read More, Spend Less 1.53

Acclaimed as "the finest state roster ever published" and a "magnificent achievement," North Carolina Troops is an invaluable resource for scholars, local historians, genealogists, and Civil War enthusiasts. Each indexed volume contains unit histories and the names and service records of approximately 7,000 North Carolinians who served in the Civil War.

Dust jacket is slightly edgeworn. Dust jacket is protected in new archival mylar. 656 pages. Copy #77 of a limited edition of 750. Signed by author on a label at bottom of title page. -- Please feel free to ask for additional information, or detailed photos. Ships in sturdy cardboard packaging, with tracking. US orders ship USPS from Niagara Falls, NY. Canadian orders ship from Ontario.

Allan H. Meltzer’s critically acclaimed history of the Federal Reserve is the most ambitious, most intensive, and most revealing investigation of the subject ever conducted. Its first volume, published to widespread critical acclaim in 2003, spanned the period from the institution’s founding in 1913 to the restoration of its independence in 1951. This two-part second volume of the history chronicles the evolution and development of this institution from the Treasury–Federal Reserve accord in 1951 to the mid-1980s, when the great inflation ended. It reveals the inner workings of the Fed during a period of rapid and extensive change. An epilogue discusses the role of the Fed in resolving our current economic crisis and the needed reforms of the financial system.In rich detail, drawing on the Federal Reserve’s own documents, Meltzer traces the relation between its decisions and economic and monetary theory, its experience as an institution independent of politics, and its role in tempering inflation. He explains, for example, how the Federal Reserve’s independence was often compromised by the active policy-making roles of Congress, the Treasury Department, different presidents, and even White House staff, who often pressured the bank to take a short-term view of its responsibilities. With an eye on the present, Meltzer also offers solutions for improving the Federal Reserve, arguing that as a regulator of financial firms and lender of last resort, it should focus more attention on incentives for reform, medium-term consequences, and rule-like behavior for mitigating financial crises. Less attention should be paid, he contends, to command and control of the markets and the noise of quarterly data.At a time when the United States finds itself in an unprecedented financial crisis, Meltzer’s fascinating history will be the source of record for scholars and policy makers navigating an uncertain economic future.

Allan H. Meltzer’s critically acclaimed history of the Federal Reserve is the most ambitious, most intensive, and most revealing investigation of the subject ever conducted. Its first volume, published to widespread critical acclaim in 2003, spanned the period from the institution’s founding in 1913 to the restoration of its independence in 1951. This two-part second volume of the history chronicles the evolution and development of this institution from the Treasury–Federal Reserve accord in 1951 to the mid-1980s, when the great inflation ended. It reveals the inner workings of the Fed during a period of rapid and extensive change. An epilogue discusses the role of the Fed in resolving our current economic crisis and the needed reforms of the financial system.In rich detail, drawing on the Federal Reserve’s own documents, Meltzer traces the relation between its decisions and economic and monetary theory, its experience as an institution independent of politics, and its role in tempering inflation. He explains, for example, how the Federal Reserve’s independence was often compromised by the active policy-making roles of Congress, the Treasury Department, different presidents, and even White House staff, who often pressured the bank to take a short-term view of its responsibilities. With an eye on the present, Meltzer also offers solutions for improving the Federal Reserve, arguing that as a regulator of financial firms and lender of last resort, it should focus more attention on incentives for reform, medium-term consequences, and rule-like behavior for mitigating financial crises. Less attention should be paid, he contends, to command and control of the markets and the noise of quarterly data.At a time when the United States finds itself in an unprecedented financial crisis, Meltzer’s fascinating history will be the source of record for scholars and policy makers navigating an uncertain economic future.

Allan H. Meltzer’s critically acclaimed history of the Federal Reserve is the most ambitious, most intensive, and most revealing investigation of the subject ever conducted. Its first volume, published to widespread critical acclaim in 2003, spanned the period from the institution’s founding in 1913 to the restoration of its independence in 1951. This two-part second volume of the history chronicles the evolution and development of this institution from the Treasury–Federal Reserve accord in 1951 to the mid-1980s, when the great inflation ended. It reveals the inner workings of the Fed during a period of rapid and extensive change. An epilogue discusses the role of the Fed in resolving our current economic crisis and the needed reforms of the financial system. In rich detail, drawing on the Federal Reserve’s own documents, Meltzer traces the relation between its decisions and economic and monetary theory, its experience as an institution independent of politics, and its role in tempering inflation. He explains, for example, how the Federal Reserve’s independence was often compromised by the active policy-making roles of Congress, the Treasury Department, different presidents, and even White House staff, who often pressured the bank to take a short-term view of its responsibilities. With an eye on the present, Meltzer also offers solutions for improving the Federal Reserve, arguing that as a regulator of financial firms and lender of last resort, it should focus more attention on incentives for reform, medium-term consequences, and rule-like behavior for mitigating financial crises. Less attention should be paid, he contends, to command and control of the markets and the noise of quarterly data. At a time when the United States finds itself in an unprecedented financial crisis, Meltzer’s fascinating history will be the source of record for scholars and policy makers navigating an uncertain economic future.

Allan H. Meltzer’s critically acclaimed history of the Federal Reserve is the most ambitious, most intensive, and most revealing investigation of the subject ever conducted. Its first volume, published to widespread critical acclaim in 2003, spanned the period from the institution’s founding in 1913 to the restoration of its independence in 1951. This two-part second volume of the history chronicles the evolution and development of this institution from the Treasury–Federal Reserve accord in 1951 to the mid-1980s, when the great inflation ended. It reveals the inner workings of the Fed during a period of rapid and extensive change. An epilogue discusses the role of the Fed in resolving our current economic crisis and the needed reforms of the financial system.In rich detail, drawing on the Federal Reserve’s own documents, Meltzer traces the relation between its decisions and economic and monetary theory, its experience as an institution independent of politics, and its role in tempering inflation. He explains, for example, how the Federal Reserve’s independence was often compromised by the active policy-making roles of Congress, the Treasury Department, different presidents, and even White House staff, who often pressured the bank to take a short-term view of its responsibilities. With an eye on the present, Meltzer also offers solutions for improving the Federal Reserve, arguing that as a regulator of financial firms and lender of last resort, it should focus more attention on incentives for reform, medium-term consequences, and rule-like behavior for mitigating financial crises. Less attention should be paid, he contends, to command and control of the markets and the noise of quarterly data.At a time when the United States finds itself in an unprecedented financial crisis, Meltzer’s fascinating history will be the source of record for scholars and policy makers navigating an uncertain economic future.

Allan H. Meltzer’s critically acclaimed history of the Federal Reserve is the most ambitious, most intensive, and most revealing investigation of the subject ever conducted. Its first volume, published to widespread critical acclaim in 2003, spanned the period from the institution’s founding in 1913 to the restoration of its independence in 1951. This two-part second volume of the history chronicles the evolution and development of this institution from the Treasury–Federal Reserve accord in 1951 to the mid-1980s, when the great inflation ended. It reveals the inner workings of the Fed during a period of rapid and extensive change. An epilogue discusses the role of the Fed in resolving our current economic crisis and the needed reforms of the financial system.In rich detail, drawing on the Federal Reserve’s own documents, Meltzer traces the relation between its decisions and economic and monetary theory, its experience as an institution independent of politics, and its role in tempering inflation. He explains, for example, how the Federal Reserve’s independence was often compromised by the active policy-making roles of Congress, the Treasury Department, different presidents, and even White House staff, who often pressured the bank to take a short-term view of its responsibilities. With an eye on the present, Meltzer also offers solutions for improving the Federal Reserve, arguing that as a regulator of financial firms and lender of last resort, it should focus more attention on incentives for reform, medium-term consequences, and rule-like behavior for mitigating financial crises. Less attention should be paid, he contends, to command and control of the markets and the noise of quarterly data.At a time when the United States finds itself in an unprecedented financial crisis, Meltzer’s fascinating history will be the source of record for scholars and policy makers navigating an uncertain economic future.

Allan H. Meltzer’s critically acclaimed history of the Federal Reserve is the most ambitious, most intensive, and most revealing investigation of the subject ever conducted. Its first volume, published to widespread critical acclaim in 2003, spanned the period from the institution’s founding in 1913 to the restoration of its independence in 1951. This two-part second volume of the history chronicles the evolution and development of this institution from the Treasury–Federal Reserve accord in 1951 to the mid-1980s, when the great inflation ended. It reveals the inner workings of the Fed during a period of rapid and extensive change. An epilogue discusses the role of the Fed in resolving our current economic crisis and the needed reforms of the financial system. In rich detail, drawing on the Federal Reserve’s own documents, Meltzer traces the relation between its decisions and economic and monetary theory, its experience as an institution independent of politics, and its role in tempering inflation. He explains, for example, how the Federal Reserve’s independence was often compromised by the active policy-making roles of Congress, the Treasury Department, different presidents, and even White House staff, who often pressured the bank to take a short-term view of its responsibilities. With an eye on the present, Meltzer also offers solutions for improving the Federal Reserve, arguing that as a regulator of financial firms and lender of last resort, it should focus more attention on incentives for reform, medium-term consequences, and rule-like behavior for mitigating financial crises. Less attention should be paid, he contends, to command and control of the markets and the noise of quarterly data. At a time when the United States finds itself in an unprecedented financial crisis, Meltzer’s fascinating history will be the source of record for scholars and policy makers navigating an uncertain economic future.

Former library book; Readable copy. Pages may have considerable notes/highlighting. ~ ThriftBooks: Read More, Spend Less 1.98

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This volume collects essays and documents from a wide selection of sources―many now out of print and difficult to locate―to provide a highly readable story of the settlement and development of the “New Connecticut” region of Ohio. Four divisions in the book logically organize the social, economic, and political study of the region: “Conquest and Settlement: Native Americans to New Englanders”; “The Pioneers: Town Building, Society, and the Emergence of an Economy”; “The Transition Years; Slavery, the Civil War, and the Reserve in National Politics, 1850-1880”; and “A Changing Legacy: Industrialism, Ethnicity, and the Age of Reform.” The volume ends in 1920, when the unique features of the Western Reserve of Ohio―the architecture, the landmarks, the New England lifestyle―had largely faded into American history as a result of industrialism, urbanism, and the pressure of a changing ethnic base.

Allan H. Meltzer’s critically acclaimed history of the Federal Reserve is the most ambitious, most intensive, and most revealing investigation of the subject ever conducted. Its first volume, published to widespread critical acclaim in 2003, spanned the period from the institution’s founding in 1913 to the restoration of its independence in 1951. This two-part second volume of the history chronicles the evolution and development of this institution from the Treasury–Federal Reserve accord in 1951 to the mid-1980s, when the great inflation ended. It reveals the inner workings of the Fed during a period of rapid and extensive change. An epilogue discusses the role of the Fed in resolving our current economic crisis and the needed reforms of the financial system. In rich detail, drawing on the Federal Reserve’s own documents, Meltzer traces the relation between its decisions and economic and monetary theory, its experience as an institution independent of politics, and its role in tempering inflation. He explains, for example, how the Federal Reserve’s independence was often compromised by the active policy-making roles of Congress, the Treasury Department, different presidents, and even White House staff, who often pressured the bank to take a short-term view of its responsibilities. With an eye on the present, Meltzer also offers solutions for improving the Federal Reserve, arguing that as a regulator of financial firms and lender of last resort, it should focus more attention on incentives for reform, medium-term consequences, and rule-like behavior for mitigating financial crises. Less attention should be paid, he contends, to command and control of the markets and the noise of quarterly data. At a time when the United States finds itself in an unprecedented financial crisis, Meltzer’s fascinating history will be the source of record for scholars and policy makers navigating an uncertain economic future.

Volume 4 of The Other Side of the Wire looks at the events that occurred in preparation for the German Offensives of 1918; the last attempt to bring victory to the German Army. The book describes the experiences of the men of the 26th and 28th Reserve Divisions as the men prepared for the Spring Offensives, the attacks and the subsequent events that took place until November 1918.The book continues to follow the events of these divisions following the series of offensives and the eventual collapse of the German armies in the west, up through the final months of the war until the Armistice and the journey home. The book looks at the collapse of the structure of the German forces; from a powerful force until it was no more than an empty shell of its former self. In the past it was assumed that the German Army was not defeated in the field, and as such the events of the last months of the war helped to spread the concept of the army being stabbed in the back by the events that occurred inside Germany with political unrest. This volume will show what truly happened within the army ranks.While many books end at the Armistice on 11 November 1918, this volume will take the reader into the postwar years, the creation of the veteran organizations, the rise of the Nazi Party, and the decades that followed the end of the Second World War. One major event that is described in detail is what happened to the Jewish veterans of the Great War during the reign of Adolf Hitler.The book, the final volume in the series, completes the story of the men who went off to war in 1914 with the flush of victory, and who ultimately faced defeat four years later. It is unique in the sense that the books follow the XIV Reserve Corps throughout the war and into the postwar years, giving the reader a personal glimpse into a piece of history that is all too often ignored; the personal aspect of this important aspect of world history.

Volume IV of this landmark series traces the military groups raised from all parts of the state―from Oconee to Horry to Beaufort―as well as militia and reserves.In this anticipated four-volume series, author Robert Seigler presents a comprehensive review of South Carolina’s Civil War troops in incomparable detail. Revealing theorigination of military organizations from the three major geographical regions of the state, as well as those units whose men came from all parts of the state, Seigler outlines the frontline infantry, cavalry and artillery units, as well as militia, reserves and state troops that were critical to theConfederate efforts. For every regiment and battalion, Seigler analyzes when, where and under what legal authority each one was organized, and then provides abiographical sketch of the field officers for every unit. Included in each company history, in addition to its geographical origins, are a wartime biography of each captain and Seigler’s special interest, company nicknames. Finally, a summary is provided of each unit’s major movements and engagements.

Volume 4 of The Other Side of the Wire looks at the events that occurred in preparation for the German Offensives of 1918; the last attempt to bring victory to the German Army. The book describes the experiences of the men of the 26th and 28th Reserve Divisions as the men prepared for the Spring Offensives, the attacks and the subsequent events that took place until November 1918.The book continues to follow the events of these divisions following the series of offensives and the eventual collapse of the German armies in the west, up through the final months of the war until the Armistice and the journey home. The book looks at the collapse of the structure of the German forces; from a powerful force until it was no more than an empty shell of its former self. In the past it was assumed that the German Army was not defeated in the field, and as such the events of the last months of the war helped to spread the concept of the army being stabbed in the back by the events that occurred inside Germany with political unrest. This volume will show what truly happened within the army ranks.While many books end at the Armistice on 11 November 1918, this volume will take the reader into the postwar years, the creation of the veteran organizations, the rise of the Nazi Party, and the decades that followed the end of the Second World War. One major event that is described in detail is what happened to the Jewish veterans of the Great War during the reign of Adolf Hitler.The book, the final volume in the series, completes the story of the men who went off to war in 1914 with the flush of victory, and who ultimately faced defeat four years later. It is unique in the sense that the books follow the XIV Reserve Corps throughout the war and into the postwar years, giving the reader a personal glimpse into a piece of history that is all too often ignored; the personal aspect of this important aspect of world history.

At the turn of the twentieth century, the Osage Indians owned Oklahoma’s most valuable oil reserves and became members of the world’s first wealthy oil population. Osage children and grandchildren continued to respect the old customs and ways, but now they also had lives of leisure: purchasing large homes, expensive cars, eating in fancy restaurants, and traveling to faraway places. In the 1920s, they also found themselves immersed in a series of murders. Charles H. Red Corn sets A Pipe for February against this turbulent, exhilarating background. Tracing the experiences of John Grayeagle, the story’s main character, Red Corn describes the Osage murders from the perspective of a traditional Osage. Other books on the notorious crimes have focused on the greed of government officials and businessmen to increase their oil wealth. Red Corn focuses on the character of the Osage people, drawing on his own experiences and insights as a member of the Osage Tribe.

The Whitman Encyclopedia of Obsolete Paper Money is a multiple-volume study of currency issued by American banks from 1782 to 1866, before the modern era of National Banks and the Federal Reserve.  In volume 2, the “Dean of American Numismatics,” Q. David Bowers, has compiled decades of research from 18th- and 19th-century bank reports, contemporary newspapers, and other primary sources.  He gives the history of every town and city, as well as of every bank that issued this uniquely American currency in the New England states of Connecticut, Maine, and New Hampshire. Each note is studied, and thousands are pictured in full color, with information on grading, rarity, values, significant auction results, advice for collectors, and more.  The Whitman Encyclopedia of Obsolete Paper Money is a monumental work. Essential for collectors, it is equally valuable for American historians. Volume 2 is an immersion in the life of New England and our nation from the Revolution to the Civil War.  “Destined to become a landmark event in the unfolding history of U.S. paper-money collecting. These works should be on the shelves of our institutions of higher education and in historical societies of all the states covered.” — Fred Reed, editor, Paper Money Magazine Inside volume 2: How to use this book The obsolete bank notes of Connecticut, Maine, and New Hampshire, including Proofs, remainders, and uncut sheets, and counterfeit, spurious, and altered notes Glossary Bibliography Detailed index