Myth of Independence

Discover the profound evolution of the Federal Reserve in Sarah A. Binder's insightful book, Myth of Independence, published by Princeton University Press in 2017. Spanning 296 pages, this hardback edition delves into the Fed's remarkable transformation from a fragile and secretive entity in 1913 to a highly transparent and influential macroeconomic policymaker today. Binder expertly navigates the intricate relationship between politics and monetary policy, revealing the complexities of the Federal Reserve's role in the United States government. This compelling narrative not only enlightens readers about the Fed's history but also challenges the common perceptions of its independence. Ideal for those interested in economics, politics, and the inner workings of financial regulation, Myth of Independence is a must-read for anyone looking to understand the forces shaping our economy.