The Federal Reserve: History, Theory and Practice

The Federal Reserve: History, Theory and Practice

From the very beginning of the US, there were battles over central banking—with Thomas Jefferson leading the pro-gold standard, anti-central banking forces, and Alexander Hamilton championing easy money and an early version of the Federal Reserve. Under President Andrew Jackson, central banking was uprooted. lt wasn't until 1913 that a coalition of bankers and politicians were able to establish the Federal Reserve System.

Speakers discuss how the Federal Reserve was established, how it operates, why we would be better off without it, and what should replace it.

Hosted by the Mises Institute at Jekyll Island, Georgia; September 4-7, 1986.