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Was the Fed a Good Idea?

October 4, 2013 in Economics

Today we have a pure fiat money and the Fed is the largest buyer of U.S. public debt, enabling the federal government to live beyond its means. Would we have been better off adhering to the rules of a gold standard? Cato’s 31st Annual Monetary Conference will bring together some of the world’s leading scholars and policymakers to consider the record of the Federal Reserve since its establishment in December 1913.

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