Article summary
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”
1.What are the main benefits of Commodity Money and the main disadvantage of Fiat Money?
2.In your opinion, has the FED been a failure or success in its twin mandate of price and economic stability? Explain
3. 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 ”
1.Explain what is the Fed and why was it given these powers?
2.Explain the criticism of the FED by economists Mr. Fleckenstein, Mr. Bernanke, Mr. Kotlikoff and Mr. Salerno.
3. What is the role-played by Alan Greenspan in our current economic crisis?
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