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"For many, the most authoritative history of US economic policy is told by Milton Friedman and Anna Schwartz, in their 1963 PUP book, A Monetary History of the United States, 1867-1960, as well as Alan Meltzer's multi-volume history of the Federal Reserve, published in 2003 and 2010. Both works were written by economists marshalling historical data to make an argument about what type of economic policy works best. Friedman and Schwartz's book led to the rise of monetarism, the idea that virtually the only thing governments can or should do when it comes to the economy is determine how much money to put in it. If there aren't enough jobs, for example, just put more money in the economy through bank lending, and businesses will hire more. There's no need for the government, the theory holds, to stimulate spending from the bottom up or encourage hiring or improve wages through any other means. These days, the concept of monetarism, though still a predominant policy framework, is seen by many as a very particular and narrow viewpoint, but there's no authoritative book on the level of Friedman and Schwartz that sets the record straight. In A Monetary and Fiscal History of the United States, 1961-2021, economist Alan Blinder lays out the history of US economic policy since Friedman and Schwartz, through the wider lens of the interaction between monetary and fiscal policy. He shows, decade by decade, that a powerful influence that the government has on the economy is not just through how much money it puts in it (monetary policy) but through decisions on how money is spent (fiscal policy). In this book Alan Blinder shifts the narrative dominance from monetarism and interest rates to a shared influence of monetary and fiscal policy, and he shows how the government has long been using various policies to stimulate spending, ranging from tax breaks and credits to direct checks to citizens. He does this from an insider's perspective, offering an authoritative history of US economic policy from Kennedy to COVID"--

BUSINESS & ECONOMICS / Economic History. --- United States --- Economic policy --- Fiscal policy --- Monetary policy --- Monetary management --- Currency boards --- Money supply --- Tax policy --- Taxation --- Finance, Public --- History --- Government policy --- 1900-2099 --- Money. Monetary policy --- Business cycles --- anno 1900-1999 --- anno 2000-2009 --- anno 2010-2019 --- anno 2020-2029 --- United States of America --- A Monetary History of the United States. --- American Recovery and Reinvestment Act of 2009. --- Balanced Budget Act of 1997. --- Bank War. --- Bank of America. --- Basis Point. --- Ben Bernanke. --- Bureau of Economic Analysis. --- Bush tax cuts. --- Capital Purchase Program. --- Central bank. --- Chair of the Federal Reserve. --- Clintonism. --- Commission on Money and Credit. --- Core inflation. --- Council of Economic Advisers. --- Credit (finance). --- Credit crunch. --- Crowding out (economics). --- Dodd–Frank Wall Street Reform and Consumer Protection Act. --- Economic Outlook (OECD publication). --- Economic Report of the President. --- Economic Stimulus Act of 2008. --- Economic history of the United States. --- Economics. --- Economist. --- Economy of the United States. --- Emergency Economic Stabilization Act of 2008. --- Federal Open Market Committee. --- Federal Reserve Board of Governors. --- Federal Savings and Loan Insurance Corporation. --- Federal funds rate. --- Financial Crisis Inquiry Commission. --- Financial crisis of 2007–08. --- Financial crisis. --- Fiscal policy. --- Fiscal theory of the price level. --- Generally Accepted Accounting Principles (United States). --- Government budget balance. --- Government debt. --- Income tax in the United States. --- Inflation. --- Interest rate. --- International Monetary Fund. --- Jimmy Carter. --- John Maynard Keynes. --- Keynesian Revolution. --- Keynesian economics. --- Lehman Brothers. --- Macroeconomics. --- Milton Friedman. --- Monetarism. --- Monetary policy. --- Money market fund. --- National Bureau of Economic Research. --- National Commission on Fiscal Responsibility and Reform. --- National debt of the United States. --- Net interest margin. --- New classical macroeconomics. --- North American Free Trade Agreement. --- Phillips curve. --- Presidency of Bill Clinton. --- Reagan tax cuts. --- Real versus nominal value (economics). --- Recession. --- Savings and loan crisis. --- Seasonally adjusted annual rate. --- Supply-side economics. --- Tax Policy Center. --- Tax Reform Act of 1986. --- Tax cut. --- Tax reform. --- Tax. --- Treasury Bill. --- Treasury Offering. --- Treasury Yield. --- Troubled Asset Relief Program. --- Unemployment. --- United States Secretary of the Treasury. --- United States Treasury security. --- United States debt ceiling. --- United States dollar. --- United States federal budget. --- We are all Keynesians now. --- Whip inflation now.