Peter Boettke, Alexander Salter and Daniel Smith, Money and the rule of law: generality and predictability in monetary institutions, Cambridge University Press, 2021, 193 pages
Discretionary central banking with a focus on macroeconomic stabilisation is still a relatively recent (20th century) phenomenon. It often seems to promise much but there has rarely been a time when the place of monetary policy, and the institutions responsible for it, has been uncontested.
It is perhaps salutary that
