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. Rakesh, 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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