Book Review: Money and the Rule of Law: Generality and Predictability in Monetary Institutions

Boettke, Salter, and Smith argue in Money and the Rule of Law that the rule of law should be brought to bear on the Federal Reserve, to rein in the distortions and disruptions resulting from discretionary policy regimes. Beyond a discussion of the relationship between monetary policy and the rule of law, the book additionally serves as a concise, well-organized, and comprehensive detailing of the plethora of impediments faced not only by central bankers but central planners of all stripes.