"The proper object of monetary policy, it seems, has more to do with legal and constitutional issues than we realize. This becomes less surprising once we recognize, as Peter J. Boettke, Alexander William Salter, and Daniel J. Smith state in their new book Money and the Rule of Law: Generality and Predictability in Monetary Institutions (2021) that “money is one of several foundational institutions” for “social order and civilization.”
“Money and the Rule of Law” discusses the dangers of discretionary monetary policy and advocates a consistent, rules-based approach "
"an intriguing new look at the basis on which central banks (and, specifically, the Fed) should be operating. (Spoiler: It’s not the way they are operating now.)
This book is a serious, and closely reasoned, piece of work..."