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176-179 Ralph C. Bryant CONTROLLING MONEY: THE FED- ERAL RESERVE AND ITS CRITICS. Washington, D.C.: The Brookings Institution, 1983. xii + 152 pp. $18.95. ISBN 0-8157-1136-0 Reviewer: WILLIAM P. FIELD, JR. Nicholls State University When I accepted the task of reviewing Controlling Money, I expected the book to deal with such issues as Fed independence. rules versus discre- tion, coordination
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THE WALL STREET JOURNAL & FEBRUARY 23 . 1986 / p . 26 - Wealth and Politics: A Supply-Sider’s Report By Gt-JURGE G_u.oan Paul Craig Roberts. more than any" other man. has lived and fought every campaign of the supply-side movement. From its legislative origins in the office of Jack Kemp and other Young Turk Republi- can congressmen in 1975. to its intellectual ascendancy among a new
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di- rections about important matters. And that is not a trivial accomplishment. Mr. Mccracken is professor of business administration, University of Michigan, . and was chairman of the presidents Coun- cil of Economic Advisers. 1969-71. A gkeproduced with the permission of the Wall Street Journal, ©1984, Jul, 12, 1934, 34_
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of these three offers any chance for improved A short-run money stock control. and even in that case he would expect the improvement to be rela- tively minor. Precise short-run control of the money stock is not possible and cannot be made possible through implementation of suggested reforms.‘ 177 In chapter 7, Bryant turns to the question of Fed control over the money stock over the medium and long run. He
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