Research Topics

Publications on Treasury

There are 2 publications for Treasury.
  • It's Time to Rein In the Fed


    Public Policy Brief No. 117, 2011 | April 2011

    Scott Fullwiler and Senior Scholar L. Randall Wray review the roles of the Federal Reserve and the Treasury in the context of quantitative easing, and find that the financial crisis has highlighted the limited oversight of Congress and the limited transparency of the Fed. And since a Fed promise is ultimately a Treasury promise that carries the full faith and credit of the US government, the question is whether the Fed should be able to commit the public purse in times of national crisis.

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    Associated Program:
    Author(s):
    Scott Fullwiler L. Randall Wray

  • It's Time to Rein In the Fed


    One-Pager No. 8 | February 2011

    The economic crisis that has gripped the US economy since 2007 has highlighted Congress’s limited oversight of the Federal Reserve, and the limited transparency of the Fed’s actions. And since a Fed promise is ultimately a Treasury promise that carries the full faith and credit of the US government, the question is, Should the Fed be able to commit the public purse in times of national crisis?

    Download:
    Associated Program:
    Author(s):
    Scott Fullwiler L. Randall Wray

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