美联储的历史表现
The Historical Performance of the Federal Reserve
Michael D. Bordo · 初版 2019 年
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“Michael D. Bordo 论证了货币稳定与货币规则的重要性，提供了理论、实证和历史视角来支持他的观点。他展示了在遵循规则式行为的央行指导下，对稳健货币政策的追求如何带来低且稳定的通胀、稳健的实体经济表现，并促进金融稳定。相比之下，他阐释了未能恪守带来货币稳定的规则，将如何不可避免地产生实体、名义和金融不稳定的严重后果。Bordo 审视了从
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……别在罗恩·保罗（Ron Paul）的书上浪费时间了。这么说吧，我并不是在替美联储辩护，但他的论点充其量也就是些谩骂、论战以及空洞理想主义的说辞。你不如去读读：《美联储的历史表现：规则的重要性》（The Historical Performance of the Federal Reserve: The Importance of Rules）。曼昆的经济学教材里对此也有很好的解释。
…wasting your time with Ron Paul's book. Now, I'm not defending the Fed, but his arguments aren't much more than invective, polemic, and empty, idealistic rhetoric. You might be better off reading: The Historical Performance of the Federal Reserve: The Importance of Rules. Mankiw's textbook on economics has a nice explanation as well.
> 《美联储的历史表现》（The Historical Performance of the Federal Reserve）：呃，将近 650 页？！！我不是说它不值得读。但保罗的书明显更容易入门。如果你想让某人去跑超级马拉松，首先得让他先跑完一个 5 公里。https://www.amazon.com/Historical-Performance-Federal-Reserv...
> The Historical Performance of the Federal Reserve: Um. Close to 650 pages?!! Not saying it's not worth it. But Paul's book is a much easier start. If you want someone to run an ultra-marathon, first start with getting them to finish a 5k. https://www.amazon.com/Historical-Performance-Federal-Reserv...