Suppose that the U.S. Constitution were amended to include the following: Congress shall establish a central bank

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Suppose that the U.S. Constitution were amended to include the following: “Congress shall establish a central bank that will be responsible for conducting the monetary policy of the United States.” What effect would such an amendment be likely to have on the Fed?

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Money, Banking, and the Financial System

ISBN: 978-0134524061

3rd edition

Authors: R. Glenn Hubbard, Anthony Patrick O'Brien

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