Questions About Liberty and Responsibility at the Federal Reserve System Centennial


This conference was on the history of the Federal Reserve at its centennial and an opportunity to step back and reconsider the rationale for central banking.


Conference Readings

Boettke, Peter J. and Daniel J. Smith. “A Century of Accommodation: The Failed Record of the Federal Reserve Independence.” George Mason University, Southern Exchange Association Annual Meeting, 2010.

Cronin, David. “The New Monetary Economics Revisited.” The Cato Journal 32, no. 3 (Fall 2012): 581-594.

Dunne, Gerald T. “A Christmas Present for the President.” Business Horizons 6, no. 4 (Winter 1963): 43-60.

Hetzel, Robert L. and Ralph F. Leach. “The Treasury-Fed Accord: A New Narrative Account.” Federal Reserve Bank of Richmond Economic Quarterly 87, no. 1 (Winter 2001): 33-55.

Schwartz, Anna J, “Reflections on the Gold Commission Report” In Money in Historical Perspective, edited by Anna J. Schwartz, 317-332. Chicago: The University of Chicago Press, 1987.

Selgin, George, William D. Lastrapes and Lawrence H. White. “Has The Fed Been A Failure?” Journal of Macroeconomics (September 24, 2012): 1-3.

Steelman, Aaron. “The Federal Reserve’s ’Dual Mandate’: The Evolution of an Idea.” The Federal Reserve Bank of Richmond Economic Brief EB11-12 (December 2011): 1-6.

Timberlake, Richard H. Monetary Policy in the United States: An Intellectual and Institutional History. Chicago: The University of Chicago Press, 1993.

Timberlake, Richard H. Jr. Money, Banking, and Central Banking. New York: Harper & Row, 1965.

Various authors. “The Future of Money.” Cayman Financial Review (January 2012): 1-60.

Wood, John H. A History of Central Banking in Great Britain and the United States. New York: Cambridge University Press, 2005.