Barron Writes about Federal Reserve
In this commentary, Patrick Barron, an adjunct lecturer in economics at the UI, writes about how the Federal Reserve operates. "My students at The University of Iowa must understand how the Fed operates. We study books and articles by great Austrian economists, such as The Mystery of Banking by Murray N. Rothbard. Even though Professor Rothbard presents his subject in about as clear and concise terms as one can imagine, it takes some serious application of one’s time and energy to comprehend all that the Fed does and how it does it," Barron writes.