Read the article “End The Fed, Or Celebrate Its Existence? Reflections On Our Central Bank’s 100th Anniversary” By James A. Dorn at
http://www.forbes.com/sites/jamesdorn/2013/01/20/end-the-fed-or-celebrate-its-existence-reflections-on-our-central-banks-100th-anniversary/
And read the article “The Fed Turns 100: A Survey of the Critics ” by Gregory Bresiger at
https://mises.org/library/fed-turns-100-survey-critics
Then following the questions below write an essay about two article.
Questions about the article “End The Fed, Or Celebrate Its Existence? Reflections On Our Central Bank’s 100th Anniversary”
- What are the main benefits of Commodity Money and the main disadvantage of Fiat Money?
- In your opinion, has the FED been a failure or success in its twin mandate of price and economic stability? Explain
- What are some of the dangers of the FED’s current expansionary monetary policy expressed by various economists in this article?
Questions about the article “The Fed Turns 100: A Survey of the Critics ”
- Explain what is the Fed and why was it given these powers?
- Explain the criticism of the FED by economists Mr. Fleckenstein, Mr. Bernanke, Mr. Kotlikoff and Mr. Salerno.
- What is the role-played by Alan Greenspan in our current economic crisis?
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