Featuring Tim Lynch, Director, Project on Criminal Justice, Cato Institute; Michael Tanner, Senior Fellow, Cato Institute; and Matthew Feeney, Policy Analyst, Cato Institute; moderated by Peter Russo, Director, Congressional Affairs, Cato Institute.
A limited constitutional government calls for a rules-based, freemarket monetary system, not the topsy-turvy fiat dollar that now exists under central banking. This issue of the Cato Journal examines the case for alternatives to central banking and the reforms needed to move toward free-market money.
Two long wars, chronic deficits, the financial crisis, the costly drug war, the growth of executive power under Presidents Bush and Obama, and the revelations about NSA abuses, have given rise to a growing libertarian movement in our country – with a greater focus on individual liberty and less government power. David Boaz’s newly released The Libertarian Mind is a comprehensive guide to the history, philosophy, and growth of the libertarian movement, with incisive analyses of today’s most pressing issues and policies.
President, Federal Reserve Bank of St. Louis Former member, Council of Economic Advisers;
with comments by
Chairman, Cato Institute.
Alan Greenspan will retire as chairman of the Federal Reserve Board in the next several months after serving more than 18 years, arguably the most successful period of monetary policy in the history of the Federal Reserve. Has the Fed followed an identifiable monetary rule during this period? Should the Fed follow a specific rule in the future, and if so, what should it be? How important is it for the administration, Congress, the press, academic macroeconomists, and the financial community to understand this rule?
Those are the issues that will be addressed by William Poole, president of the Federal Reserve Bank of St. Louis and a former member of President Reagan’s Council of Economic Advisers. Commenting on Poole’s presentation will be William Niskanen, chairman of the Cato Institute and Poole’s former colleague on the CEA.