The rule of law or the rule of central bankers?
Economists often prescribe that countries seeking economic development should embrace the principle of the rule of law. I want to suggest that we listen to our own advice and apply it to our monetary and financial system. The principle of the rule of law could usefully guide us in resolving the extr...
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| Veröffentlicht in: | The Cato journal 2010-10, Vol.30 (3), p.451-463 |
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| creator | White, Lawrence H |
| description | Economists often prescribe that countries seeking economic development should embrace the principle of the rule of law. I want to suggest that we listen to our own advice and apply it to our monetary and financial system. The principle of the rule of law could usefully guide us in resolving the extraordinary situation we have been in for the past two years or so, and even more importantly help us to avoid future crises. The approach of Federal Reserve and Treasury officials during this crisis, unfortunately, has been to consider every possible remedy but applying the rule of law. Adapted from the source document. |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 0273-3072 |
| ispartof | The Cato journal, 2010-10, Vol.30 (3), p.451-463 |
| issn | 0273-3072 1943-3468 |
| language | eng |
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| source | PAIS Index; Columbia International Affairs Online Journals; Worldwide Political Science Abstracts; Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals; HeinOnline Law Journal Library; EBSCOhost Business Source Complete; Political Science Complete |
| subjects | Analysis Bailouts Central Banks Crises Economic crisis Economic Development Economists Federal reserve system Finance Financial institutions Gold standard Inflation Laws, regulations and rules Management Monetary policy Powers and duties Public officials Rule of Law Securities markets U.S.A United States economic conditions United States Treasury department |
| title | The rule of law or the rule of central bankers? |
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