Why the Fed Got Birthed [Christopher Westley]

Jun. 21, 2010

Lecture by Christopher Westley presented at the Ludwig von Mises Institute's "The Birth and Death of the Fed" seminar held at Jekyll Island, Georgia; 26-27 February 2010. http://mises.org

The Federal Reserve has had long enough to demonstrate its use to the American economy. The latest economic crisis alone is enough to discredit its claims as the great stabilizer. There is the long history of devastating inflation, the government spending it funds, the wars and welfare that are made possible by its printing presses, and also the conflicts of interest and corruptions it introduces into public life. We can do without the central bank. We don't need the Fed. Our money and our future would be more assured without it. In this conference, the Mises Institute returns to the founding home of the Fed, cobbled together in secret at the Jekyll Island Resort in Georgia, under the guise of a "duck hunting expedition."

Christopher Westley is an adjunct scholar at the Ludwig von Mises Institute. He teaches in the College of Commerce and Business Administration at Jacksonville State University.

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