Alan's stock answers

[Michael Perelman]

Mayer, Thomas. 1999. Monetary Policy and the Great inflation in
the United States: the Federal Reserve and the Failure of
Macroeconomic policy, 1965-1979 (Cheltenham, UK: Edward Elgar).
viii Preface: "When starting out I thought that I would land up

        with a scathing criticism of the Federal Reserve.  But in

        working my way through the material I began to understand why

        the Fed did what it did, and that the blame for the mistaken

        policies that it followed should be shared in large part by

        the academic economists whose writings encouraged these

        policies."

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Michael Perelman
Economics Department
California State University
michael at ecst.csuchico.edu
Chico, CA 95929
530-898-5321
fax 530-898-5901