While the field of political science may seem staid to outsiders, it has evolved significantly in terms of research methods over the last 40 years. The behaviorally based studies that dominated in the 1970s gave rise to the subfield of American Political Development (APD) in the 1980s as a way to more fully realize and incorporate the study of history and institutions. APD scholars made narrative-based causal arguments to understand the history of American politics. Over the past decade, a trend toward more data-oriented studies of causal relationships has emerged …
Congressional historian Sarah Binder joins neighbor and investment manager, Matt Spindel in a look at the history of the relationship between the Federal Reserve and its legislative parent, Congress. The result is the Princeton University Press book The Myth of Independence: How Congress Governs the Federal Reserve.
To listen to the Bedrosian Book Club discussion of The Myth of Independence, click the arrow in the player on this post. Or you can download it and subscribe through ApplePodcasts, Soundcloud, Google Play, Stitcher or your favorite podcasting app!
We’ve been having a mistaken debate, or so it would seem based on the new book The Myth of Independence. The Federal Reserve, the nation’s central bank and most influential economic regulator, isn’t as independent as critics like Rand Paul and Bernie Sanders suggest. Congress created it, and Congress continues to shape it to the people’s will. This new perspective might just change your expectations about Fed policy and your appreciation for their delicate strategic work. This episode features Sarah Binder, professor of political science at George Washington University and a senior fellow in governance studies at the Brookings Institution.
To listen to this episode of Our American Discourse, click the arrow in the player here. Or download it and subscribe through ApplePodcasts, Soundcloud, Google Play, Stitcher, or your favorite podcasting app – click the links or search “usc bedrosian.”
Partisan polarization has steadily increased in recent years. Democrats and Republicans in Congress have become two ideologically divided groups, with little ability to work together to solve the nation’s problems. And, citizens have increasingly used partisanship to guide their voting decisions, even as they diverge more and more on answers to the important questions of the day.
As we moved into the second year of Trump’s administration, we explored what partisanship looks like in Congress and the nation.
The Myth of Independence: How Congress Governs the Federal Reserve Sarah Binder is professor of political science at George Washington University and senior fellow at the Brookings Institution. Her books include Advice and Dissent and Stalemate. Mark Spindel has spent his entire career in investment managemetn at such organizations as Salomon Brothers, the World Bank,…