My Wish Lists Login / Join

The Fiscal Fed

How the US Central Bank Funds Government

By: Will Bateman

Write A Review

Paperback | 12 October 2026 | Edition Number 1

At a Glance

Format
Paperback

Dimensions(cm)
21.5 x 14.0 x 1.9

Paperback

RRP $41.95

$37.75

10%OFF

or 4 interest-free payments of $9.44 with

Ships in 5 to 7 business days

A revelatory history of how the Federal Reserve finances American power.

Central banks, we are told, are economic superpowers that must remain independent of modern democratic governments. The US Federal Reserve's presumed insulation from politics affords it autonomy and credibility to control inflation and promote economic stability-or so the story goes.

In The Fiscal Fed, Will Bateman offers a deeply sourced, empirical history that shows the Fed's primary function is actually, and has always been, fiscal-sustaining the market for Treasury borrowing that makes up the difference between federal spending and federal revenue. Bateman combs Fed meeting transcripts, staff notes, financial accounts, and legal documents to trace loans and public-debt purchases since the central bank's founding. The result is a milestone work that reveals how, for most of the Fed's history, its transactions were aimed at government financing-either by providing cheap credit to close budget gaps or by manipulating yields on government debt. The Fed's support for government finance is a feature, not a bug, of American economic institutions.

Shipping

	Standard Shipping	Express Shipping
Metro postcodes:	$9.99	$14.95
Regional postcodes:	$9.99	$14.95
Rural postcodes:	$9.99	$14.95

How to return your order

At Booktopia, we offer hassle-free returns in accordance with our returns policy. If you wish to return an item, please get in touch with Booktopia Customer Care.

Additional postage charges may be applicable.