Background
Timberlake, Richard Henry was born on June 24, 1922 in Steubenville, Ohio, United States. Son of Richard Henry and Margaret Elizabeth (James) Timberlake.
( In this extensive history of U.S. monetary policy, Rich...)
In this extensive history of U.S. monetary policy, Richard H. Timberlake chronicles the intellectual, political, and economic developments that prompted the use of central banking institutions to regulate the monetary systems. After describing the constitutional principles that the Founding Fathers laid down to prevent state and federal governments from printing money. Timberlake shows how the First and Second Banks of the United States gradually assumed the central banking powers that were originally denied them. Drawing on congressional debates, government documents, and other primary sources, he analyses the origins and constitutionality of the greenbacks and examines the evolution of clearinghouse associations as private lenders of last resort. He completes this history with a study of the legislation that fundamentally changed the power and scope of the Federal Reserve System—the Banking Act of 1935 and the Monetary Control Act of 1980. Writing in nontechnical language, Timberlake demystifies two centuries of monetary policy. He concludes that central banking has been largely a series of politically inspired government-serving actions that have burdened the private economy.
http://www.amazon.com/gp/product/0226803848/?tag=2022091-20
Timberlake, Richard Henry was born on June 24, 1922 in Steubenville, Ohio, United States. Son of Richard Henry and Margaret Elizabeth (James) Timberlake.
AB, Kenyon College, 1946; Master of Arts in Economics, Columbia University, 1950; Doctor of Philosophy in Economics, University of Chicago, 1959.
Instructor economics, Muhlenberg College, Allentown, Pennsylvania, 1948-1951;
instructor economics, Rensselaer Polytechnic Institute, Troy, New York, 1955-1958;
assistant professor, Norwich U., Northfield, Vermont, 1953-1955;
associate professor, Florida State University, Tallahassee, 1958-1963;
professor banking and finance, U. Georgia, Athens, 1964-1985;
professor economics, U. Georgia, Athens, 1985-1990;
professor emeritus, U. Georgia, Athens, since 1990. Visiting professor Texas Agricultural and Mechanical U., 1973-1974. Research consultant Federal Reserve Bank Richmond, Virginia, 1970-1971.
Senior fellow Institute for Humane Studies, Palo Alto, California, summer 1983.
(Book by Timberlake Jr, Richard H.)
( In this extensive history of U.S. monetary policy, Rich...)
Libertarian candidate for city-county commission, 1975, 92. First lieutenant United States Army Air Force, 1943-1945, European Theatre of Operations. Member Southern Economics Association (Executive Committee 1966-1968, vice president 1971-1972).
Married Barbara Morehead Elder, June 6, 1945 (divorced January 1960). Children: Richard Henry III, John William David, Megan Carol. Married Hildegard Maria Weber, May 28, 1960.
Children: Christopher Wolcott, Thomas Bernard.