Saturday, November 28, 2009

Steve Horwitz: Do We Really Need a Central Bank?

Come out to the last GMU Economics Society Event of the Semester!

Economic Liberty Lecture Series --
Dinner, Lecture, and Social Hour

DATE: December 2, 2009 – Wednesday
PLACE: George Mason University - Enterprise Hall - Room 80

5:00 pm – Pizza
5:30 pm – Talk with Q&A
7:30 pm – Social hour at Brion's Grille
ADMISSION: FREE

SPEAKER: Steve Horwitz - "Do we Really Need a Central Bank?"

Steven Horwitz is the Charles A. Dana Professor of Economics at St. Lawrence University in Canton, NY. He is the author of two books, Microfoundations and Macroeconomics: An Austrian Perspective (Routledge, 2000) and Monetary Evolution, Free Banking, and Economic Order (Westview, 1992), and he has written extensively on Austrian economics, Hayekian political economy, monetary theory and history, and the economics and social theory of gender and the family. His work has been published in professional journals such as History of Political Economy, Southern Economic Journal, and The Cambridge Journal of Economics . He has also done public policy research for the Mercatus Center, Heartland Institute, Citizens for a Sound Economy, and the Cato Institute. His current project is a book tentatively titled Classical Liberalism and the Evolution of the Modern Family. Horwitz currently serves as the book review editor of The Review of Austrian Economics and as an academic advisor for the Heartland Institute and a contributing editor to Critical Review and Journal des Economistes et des Etudes Humaines. A member of the Mont Pelerin Society, he completed his MA and PhD in economics at George Mason University and received his A.B. in economics and philosophy from The University of Michigan.

Social Hour:
Come join us for a social hour at Brion's Grille in Fairfax, Virginia, right next to George Mason University - 10621 Braddock Road, Fairfax, VA 22030 (703) 352-7272


Presented by:

GMU Econ Society
http://www.gmueconsociety.blogspot.com

The Atlas Sound Money Project
http://atlasnetwork.org/programs/sound-money-project/

The Future of Freedom Foundation
http://www.fff.org
fff@fff.org
(703) 934-6101

8 comments:

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Anonymous said...

he United States lacked a central bank until the twentieth century, although there were two attempts to establish a central bank in the early 1800s. Without a money manager, the nation's financial system was like the nation itself--diverse and subject to uneven growth. As a result, there were frequent economic depressions and financial panics, and the Bank Panic of 1907 convinced the public that a central bank was necessary.

As our nation's money manager, the Fed implements monetary policy to manage the flow of money and credit in the economy. If money and credit expand too rapidly, businesses cannot produce enough goods and services to keep up with increased spending. Prices may rise, causing inflation. If the flow of money and credit contracts too greatly, spending and business activity may dwindle, workers may lose their jobs, and a recession may result.

GMU Econ Society said...

Anonymous, although that's what the Fed is INTENDED to do, research and evidence show that the Fed actually worsens economic situations and is part of the cause for most economic recessions. Check out this video, it will present the evidence on this case.
http://vimeo.com/8040669
(Lecture begins at 6:00)

Here's also an important explanation of the current recession: http://fee.org/doc/the-house-that-uncle-sam-built/

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