//--> # Cato Institute 30th Annual Monetary Conference ## Money, Markets, and Government: The Next 30 Years **Thursday, November 15, 2012** 9:00 a.m. — 6:15 p.m. Cato Institute, 1000 Massachusetts Avenue, N.W., Washington, D.C. **About the Conference | [Conference Schedule]()** CATO'S 30TH ANNUAL MONETARY CONFERENCE — MONEY, MARKETS, AND GOVERNMENT: THE NEXT 30 YEARS — will address the links between sound money, free markets, and limited government, and how those links might evolve in the future. One path is to continue the present course and use central banks to monetize government debt, allocate credit, and distort interest rates. An alternative path is to limit the size and scope of government, adopt a rules-based regime, and let free capital markets allocate credit. The choice of monetary and fiscal policy regimes will determine whether economic and social harmony will spontaneously emerge or whether government power will continue to grow. **Join leading U.S. and global experts to discuss** - How the choice of monetary and fiscal policy regimes affect economic freedom and prosperity - Policy steps needed to avoid future financial crises - Lessons from the Eurozone debt crisis - The limits of monetary policy - China's path toward capital freedom Follow the conversation on Twitter with the Hashtag: [\#CMC30](https://twitter.com/#%21/search/realtime/%23cmc30). Please join our distinguished speakers on **Thursday, November 15**, to discuss these and related issues. # Featured Speakers | [](/sites/cato.org/files/images/monconf/smith.jpg) | [](/sites/cato.org/files/images/monconf/hoenig.jpg) | [](/sites/cato.org/files/images/monconf/taylor.jpg) | |:-:|:-:|:-:| | ****Vernon L. Smith****Professor of Economics, Chapman University, and Nobel Laureate in Economics | ****Thomas Hoenig****Vice Chairman,Federal Deposit Insurance Corporation | ****John B. Taylor****Professor of Economics, Stanford University | | [](/sites/cato.org/files/images/monconf/tavlas.jpg) | [](/sites/cato.org/files/images/monconf/stark.jpg) | [](/sites/cato.org/files/images/monconf/plosser.jpg) | |:-:|:-:|:-:| | **George S. Tavlas**Director, Bank of Greece | **Jürgen Stark**Former Chief Economist, European Central Bank | **Charles I. Plosser**President, Federal Reserve Bank of Philadelphia | **[About the Conference]() | Conference Schedule** ## Conference Schedule | 8:30 - 9:00 a.m. | REGISTRATION | |---|---| | 9:00 - 9:05 a.m. | WELCOMING REMARKS **[James A. Dorn](/people/james-dorn)** Vice President for Academic Affairs, Cato Institute | | 9:05 - 9:45 a.m. | KEYNOTE ADDRESS **Vernon L. Smith** Professor of Economics, Chapman University, and Nobel Laureate in Economics [](https://cdn.cato.org/archive-2012/cc-11-15-12-1.mp4) [](/sites/cato.org/files/download-remote-images/object.cato.org/169672258913/quicktime.gif) [Watch the Event in QuickTime (M4V)](https://cdn.cato.org/archive-2012/cc-11-15-12-1.mp4) [[](/sites/cato.org/files/download-remote-images/object.cato.org/169672258913/ipod.jpg)](https://cdn.cato.org/archive-2012/cca-11-15-12-1.mp3) [Download a Podcast of the Event (MP3)](https://cdn.cato.org/archive-2012/cca-11-15-12-1.mp3) | | 9:45 - 11:00 a.m. | PANEL 1: AVOIDING THE NEXT CRISIS *Moderator:* **Zanny Minton Beddoes** Economics Editor, *The Economist* **Thomas Hoenig** Vice Chairman, Federal Deposit Insurance Corporation **Lawrence H. White** Professor of Economics, George Mason University **Robert L. Hetzel** Senior Economist, Federal Reserve Bank of Richmond **[Jeffrey A. Miron](https://www.cato.org/people/jeffrey-miron)** Senior Fellow, Cato Institute, and Director of Undergraduate Studies in Economics, Harvard University [](https://cdn.cato.org/archive-2012/cc-11-15-12-2-fix.mp4) [](/sites/cato.org/files/download-remote-images/object.cato.org/169672258913/quicktime.gif) [Watch the Event in QuickTime (M4V)](https://cdn.cato.org/archive-2012/cc-11-15-12-2-fix.mp4) [[](/sites/cato.org/files/download-remote-images/object.cato.org/169672258913/ipod.jpg)](https://cdn.cato.org/archive-2012/cca-11-15-12-2.mp3) [Download a Podcast of the Event (MP3)](https://cdn.cato.org/archive-2012/cca-11-15-12-2.mp3) | | 11:00 - 11:15 a.m. | BREAK | | 11:15 a.m. - 12:30 p.m. | PANEL 2: THE LIMITS OF MONETARY POLICY *Moderator:* **[William Poole](https://www.cato.org/people/william-poole)** Senior Fellow, Cato Institute **Allan H. Meltzer** Professor of Economics, Carnegie-Mellon University **Kevin Warsh** Distinguished Visiting Fellow, Hoover Institution **[Gerald P. O'Driscoll Jr.](https://www.cato.org/people/gerald-odriscoll)** Senior Fellow, Cato Institute **David Malpass** President, Encima Global [](https://cdn.cato.org/archive-2012/cc-11-15-12-3.mp4) [](/sites/cato.org/files/download-remote-images/object.cato.org/169672258913/quicktime.gif) [Watch the Event in QuickTime (M4V)](https://cdn.cato.org/archive-2012/cc-11-15-12-3.mp4) [[](/sites/cato.org/files/download-remote-images/object.cato.org/169672258913/ipod.jpg)](https://cdn.cato.org/archive-2012/cca-11-15-12-3.mp3) [Download a Podcast of the Event (MP3)](https://cdn.cato.org/archive-2012/cca-11-15-12-3.mp3) | | 12:30 - 1:15 p.m. | LUNCHEON | | 1:15 - 2:00 p.m. | LUNCHEON ADDRESS **John B. Taylor** Professor of Economics, Stanford University [](https://cdn.cato.org/archive-2012/cc-11-15-12-4.mp4) [](/sites/cato.org/files/download-remote-images/object.cato.org/169672258913/quicktime.gif) [Watch the Event in QuickTime (M4V)](https://cdn.cato.org/archive-2012/cc-11-15-12-4.mp4) [[](/sites/cato.org/files/download-remote-images/object.cato.org/169672258913/ipod.jpg)](https://cdn.cato.org/archive-2012/cca-11-15-12-4.mp3) [Download a Podcast of the Event (MP3)](https://cdn.cato.org/archive-2012/cca-11-15-12-4.mp3) | | 2:00 - 3:15 p.m. | PANEL 3: LESSONS FROM THE EURO CRISIS *Moderator:* **Mary Anastasia O'Grady** Member, Editorial Board, *Wall Street Journal* **George S. Tavlas** Director, Bank of Greece **Jürgen Stark** Former Chief Economist, European Central Bank **Pedro Schwartz Giron** Professor of Economics, San Pablo University, Madrid **Wolfgang Münchau** Associate Editor, *Financial Times* [](https://cdn.cato.org/archive-2012/cc-11-15-12-5.mp4) [](/sites/cato.org/files/download-remote-images/object.cato.org/169672258913/quicktime.gif) [Watch the Event in QuickTime (M4V)](https://cdn.cato.org/archive-2012/cc-11-15-12-5.mp4) [[](/sites/cato.org/files/download-remote-images/object.cato.org/169672258913/ipod.jpg)](https://cdn.cato.org/archive-2012/cca-11-15-12-5.mp3) [Download a Podcast of the Event (MP3)](https://cdn.cato.org/archive-2012/cca-11-15-12-5.mp3) | | 3:15 - 3:30 p.m. | BREAK | | 3:30 - 4:30 p.m. | PANEL 4: CAPITAL FREEDOM FOR CHINA? *Moderator:* **Tao Zhang** U.S. Bureau Chief, Caixin Media **Eswar S. Prasad** Tolani Senior Professor of Trade Policy, Cornell University **Yukon Huang** Senior Associate, Carnegie Endowment for International Peace **Zhiwu Chen** Professor of Finance, Yale School of Management [](https://cdn.cato.org/archive-2012/cc-11-15-12-6.mp4) [](/sites/cato.org/files/download-remote-images/object.cato.org/169672258913/quicktime.gif) [Watch the Event in QuickTime (M4V)](https://cdn.cato.org/archive-2012/cc-11-15-12-6.mp4) [[](/sites/cato.org/files/download-remote-images/object.cato.org/169672258913/ipod.jpg)](https://cdn.cato.org/archive-2012/cca-11-15-12-6.mp3) [Download a Podcast of the Event (MP3)](https://cdn.cato.org/archive-2012/cca-11-15-12-6.mp3) | | 4:30 - 5:15 p.m. | CLOSING ADDRESS **Charles I. Plosser** President, Federal Reserve Bank of Philadelphia [](https://cdn.cato.org/archive-2012/cc-11-15-12-7.mp4) [](/sites/cato.org/files/download-remote-images/object.cato.org/169672258913/quicktime.gif) [Watch the Event in QuickTime (M4V)](https://cdn.cato.org/archive-2012/cc-11-15-12-7.mp4) [[](/sites/cato.org/files/download-remote-images/object.cato.org/169672258913/ipod.jpg)](https://cdn.cato.org/archive-2012/cca-11-15-12-7.mp3) [Download a Podcast of the Event (MP3)](https://cdn.cato.org/archive-2012/cca-11-15-12-7.mp3) | | 5:15 - 6:15 p.m. | RECEPTION |