{"product_id":"fiscal-fed","title":"Fiscal Fed","description":"\u003ch1\u003e\u003cspan style=\"color: #262626;\"\u003eFiscal Fed\u003c\/span\u003e\u003c\/h1\u003e\n\u003cp\u003e\u003cspan style=\"color: #262626;\"\u003eA revelatory history of how the Federal Reserve finances American power. Central banks, we are told, are economic superpowers that must remain independent of modern democratic governments. The US Federal Reserves presumed insulation from politics affords it autonomy and credibility to control inflation and promote economic stabilityor so the story goes. In The Fiscal Fed, Will Bateman offers a deeply sourced, empirical history that shows the Feds primary function is actually, and has always been, fiscalsustaining the market for Treasury borrowing that makes up the difference between federal spending and federal revenue. Bateman combs Fed meeting transcripts, staff notes, financial accounts, and legal documents to trace loans and public-debt purchases since the central banks founding. The result is a milestone work that reveals how, for most of the Feds history, its transactions were aimed at government financingeither by providing cheap credit to close budget gaps or by manipulating yields on government debt. The Feds support for government finance is a feature, not a bug, of American economic institutions.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan style=\"color: #262626;\"\u003e\u003cbr\u003e\u003cstrong\u003eAutor:\u003c\/strong\u003e\u003cbr\u003eWill Bateman\u003cspan style=\"color: #b3b3b3;\"\u003e\u003cem\u003e)\u003c\/em\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003cp data-mce-fragment=\"1\"\u003e\u003cspan style=\"color: #262626;\"\u003e\u003cstrong\u003eCaracterísticas técnicas:\u003c\/strong\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003e\u003cspan style=\"color: #262626;\"\u003eTamaño cerrado 140 x 216 mm\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan style=\"color: #262626;\"\u003e267 páginas interiores\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan style=\"color: #262626;\"\u003eTapa rústica\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan style=\"color: #262626;\"\u003eEncuadernación lomo cuadrado\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp data-mce-fragment=\"1\"\u003e\u003cspan style=\"color: #262626;\"\u003e\u003cspan style=\"color: #262626;\"\u003eEn Webook cuidamos el medio ambiente, imprimimos lo justo y este libro lo haremos especialmente para ti \u003cmeta charset=\"utf-8\"\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e","brand":"Bibliomanager","offers":[{"title":"Default Title","offer_id":48701493411977,"sku":"001-0000304833","price":30700.0,"currency_code":"CLP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0688\/5703\/6937\/files\/1570216_IMAGEN_TAPA_G_001.jpg?v=1792179872","url":"https:\/\/webook.cl\/products\/fiscal-fed","provider":"WeBook","version":"1.0","type":"link"}