Campaign for Liberty supporters in the DC-area may want to attend The Cato Institute's Center for Monetary and Financial Alternatives event "Renewing the Search for a Monetary Constitution," this Wednesday at noon at CATO's FA Hayek Auditorium:
The Cato Institute’s Center for Monetary and Financial Alternatives presents a special “live” edition of Russ Robert’s EconTalk on Renewing the Search for a Monetary Constitution. Featuring the coeditor Lawrence H. White, Professor of Economics, George Mason University; interviewed by Russ Roberts, Host, EconTalk, and Research Fellow, Hoover Institution, Stanford University; with an introduction by George Selgin, Senior Fellow and Director, Center for Financial and Monetary Alternatives, Cato Institute.
Join Russ Roberts as he interviews George Mason University economics professor Lawrence H. White about Renewing the Search for a Monetary Constitution — a new Cato book White has coedited with Victor J. Vanberg and Ekkehard Köhler.Despite their substantial independence and discretionary powers, central banks have generally failed to achieve their goals of maintaining either low and stable inflation or tolerably low unemployment. Many blame monetary discretion for this failure, noting that such discretion tempts central bankers to engage in monetary “fine tuning” that ends up fueling booms and busts, leaving declared objectives to fall by the wayside. Should monetary authorities be reined in by a constitution? If so, how might this be done successfully? The essays in Renewing the Search for a Monetary Constitution, by Lawrence White and others, address these and other crucial questions.
Register for the event here.
And if you have not yet, please take the first step toward restoring a Constitutional Monetary Policy by signing Campaign for Liberty's Audit the Fed petition.
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PDFTags: Audit the Fed, monetary policy