Panel 2: Fed Policy and the Allocation of Credit

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CONFERENCE
Wednesday, November 16, 2011
9:00 AM – 6:15 PM

Featuring Rep. Ron Paul (R-TX), Chairman, House Financial Services Subcommittee on Domestic Monetary Policy; James Grant, Editor, Grant’s Interest Rate Observer; Jeffrey M. Lacker, President, Federal Reserve Bank of Richmond; Robert Zoellick, President, World Bank; Allan Meltzer, University Professor of Economics, Carnegie-Mellon University, and Distinguished Visiting Scholar, Hoover Institution; Judy Shelton, Author, Money Meltdown; Benn Steil, Director of International Economics, Council on Foreign Relations; John Allison, Former Chairman and CEO, BBT, and Distinguished Professor of Practice, Wake Forest University.

National Association of Home Builders
1201 15th Street, NW, Washington DC

CATO’S 29th ANNUAL MONETARY CONFERENCE — MONETARY REFORM IN THE WAKE OF CRISIS — will address the fundamental issue of how to prevent another global financial crisis — not by tinkering with the present government discretionary fiat money regime but by fundamental reform. The first step is to rethink the role of government and central banks in the existing system, and then consider alternatives — such as the gold standard — that would substitute rules for discretion, increase choice in currency, and allow markets to determine the optimal quantity of money. After nearly a century of U.S. central banking, it’s time to reconsider whether the Federal Reserve’s monopoly status, discretion, and growing regulatory powers are more a source of crisis than a cure.

Follow the conversation on Twitter with the Hashtag: #CMC29.

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