(OPE-L) RE: recent references on 'problem' of money commodity?

From: Gerald_A_Levy@MSN.COM
Date: Wed Nov 24 2004 - 09:13:24 EST

> All this gives too much autonomy to the state, as Paul Bullock has
> worried in a related context.


For an account which explains how the ability of central banks,
including the Fed, to develop discretionary monetary policy is
"circumscribed"  see _Political Economy of Money and Finance_
(London and New York: Macmillan and St. Martin's: 1999)
by Makoto and Costas, especially pp. 164-166.

In solidarity, Jerry

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