~ Monetary Policy Lecture Series ~
Has the nation’s experiment with the Federal Reserve been a success or a failure? Does the Fed’s full history (1914 to present) contain fewer symptoms of monetary and macroeconomic instability than the decades prior to the Fed’s establishment? Has our central bank’s post-WWII performance clearly surpassed that of its pre-WWI predecessor, the National Banking system? Are there any alternative monetary arrangements against which to judge the Fed’s performance? Join us as Professor Lawrence H. White addresses these and other important policy questions.
On the eve of the Federal Reserve System’s centennial, The Heritage Foundation plans a series of monetary policy presentations. These programs will examine the Federal Reserve’s ongoing role in our national economy, how effective it has been in addressing financial challenges, and what major reforms may be warranted to assure that our banking system is prepared for a new century.
More About the Speakers
Lawrence H. White, Ph.D.
Professor of Economics, George Mason University
Norbert J. Michel, Ph.D.
Research Fellow in Financial Regulations