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MedLine Citation:
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PMID: 21561342 Owner: NLM Status: Publisher |
Abstract/OtherAbstract:
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Among the most important attributes of legislative statesmanship is self-abnegation - the willingness of legislators to abstain from meddling in matters they are poorly equipped to manage. The law creating the Federal Reserve embodied that virtue. Congress recognized the abiding temptation to use monetary policy for political ends and realized that it would, at times, prove irresistible. To save themselves from themselves, wise legislators created an organization whose funding and operations were largely beyond the reach of normal legislative controls. Short of repealing the law, Congress denied itself the power to do more than kibbitz about monetary policy. In establishing . . . |
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Authors:
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Henry J Aaron |
Publication Detail:
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Type: JOURNAL ARTICLE Date: 2011-5-11 |
Journal Detail:
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Title: The New England journal of medicine Volume: - ISSN: 1533-4406 ISO Abbreviation: - Publication Date: 2011 May |
Date Detail:
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Created Date: 2011-5-12 Completed Date: - Revised Date: - |
Medline Journal Info:
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Nlm Unique ID: 0255562 Medline TA: N Engl J Med Country: - |
Other Details:
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Languages: ENG Pagination: - Citation Subset: - |
Affiliation:
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From the Brookings Institution, Washington, DC. |
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From MEDLINE®/PubMed®, a database of the U.S. National Library of Medicine
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