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AEI: Curse of Federal Reserve

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Event:
AEI: Curse of Federal Reserve
Start:
March 20, 2013 4:00 pm
End:
March 20, 2013 5:00 pm
Category:
,
Updated:
March 12, 2013
Venue:
AEI HQ
Address:
1150 17th Street, NW 12th Floor, Washington, DC, DC, 20036 , United States

The financial crises of the past four decades have made them among the most troubled decades in international financial history. Why is this? In his new book “The Global Curse of the Federal Reserve,” Brendan Brown argues that the Federal Reserve has been a key source of instability — ironically while pursuing stability — to the world through its role as fiat currency central bank and financial manipulator. Governments are now focused on trying to control systemically important financial institutions (SIFIs). But the biggest and most uncontrolled SIFI of them all is the Fed.In this book forum, Brown will address the Federal Reserve’s role in creating periodic bubbles and busts, both in the US and around the world, over most of its 100-year life. He will consider how central bank discretion can be replaced, and propose that we can rethink monetary order and long-term price stability through a “New Monetarist Revolution.” Two expert discussants will also review the book. To learn more and register, please visit http://www.aei.org/events/2013/03/20/the-global-curse-of-thefederal-reserve/.

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