{"product_id":"the-menace-of-fiscal-qe-9781948647939","title":"The Menace of Fiscal QE","description":"\u003cp\u003eAs the Federal Reserve struggles to fulfill its mandate in a world of low and falling interest rates, it faces yet another challenge: that of resisting a new threat to its hard-won independence.\u003c\/p\u003e\u003cp\u003eThanks to crisis-era changes to its operating procedures, the Fed now enjoys practically unlimited powers of quantitative easing (QE): it can buy as many assets as it likes while still controlling inflation. So far, QE has been a weapon for combating recession. But if certain politicians have their way, the Fed may be forced to use it not for macroeconomic purposes but to finance backdoor spending. That's \u003cem\u003eThe Menace of Fiscal QE\u003c\/em\u003e.\u003c\/p\u003e\u003cp\u003eIn his brief but systematic study, George Selgin reviews the movement favoring fiscal QE, shows how it threatens both the Fed's independence and democratic control of government spending, and counters claims that it offers a low-cost means for financing such spending. Finally, he suggests a way to guard against fiscal QE without limiting the Fed's ability to counter slumps.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e \u003ca href=\"https:\/\/sureshotbooks-com.myshopify.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=AUTH-12082941\"\u003eGeorge Selgin\u003c\/a\u003e\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Cato Institute\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 02\/11\/2020\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 126\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.29lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 7.81h x 5.06w x 0.30d\u003cbr\u003e\u003cb\u003eISBN13:\u003c\/b\u003e 9781948647939\u003cbr\u003e\u003cb\u003eISBN10:\u003c\/b\u003e 1948647931\u003cbr\u003e\u003cb\u003eBISAC Categories:\u003c\/b\u003e\u003cbr\u003e- \u003ca href=\"https:\/\/sureshotbooks-com.myshopify.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=CAT-BUS\"\u003eBusiness \u0026amp; Economics\u003c\/a\u003e | \u003ca href=\"https:\/\/sureshotbooks-com.myshopify.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=BISAC-BUS045000\"\u003eMoney \u0026amp; Monetary Policy\u003c\/a\u003e\u003cbr\u003e- \u003ca href=\"https:\/\/sureshotbooks-com.myshopify.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=CAT-BUS\"\u003eBusiness \u0026amp; Economics\u003c\/a\u003e | \u003ca href=\"https:\/\/sureshotbooks-com.myshopify.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=BISAC-BUS034000\"\u003eInterest\u003c\/a\u003e\u003cbr\u003e\u003cp\u003e\u003ci\u003eThis title is not returnable\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e","brand":"Cato Institute","offers":[{"title":"Default Title","offer_id":44523492933869,"sku":"9781948647939","price":23.67,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0550\/8097\/6621\/products\/img_e960e197-d82f-4b57-a619-914b1b9495b0.jpg?v=1701320114","url":"https:\/\/sureshotbooks.com\/es\/products\/the-menace-of-fiscal-qe-9781948647939","provider":"SureShot Books Publishing LLC","version":"1.0","type":"link"}