Tuesday, October 4, 7:30 p.m. Trustees Pavilion
RSVP to msabrin@ramapo.edu by Tuesday, September 27.

Are rising prices necessary for economic growth and prosperity? And are falling prices a sign of an economic depression and widespread unemployment?

Professor Salerno will show how falling prices under the gold standard facilitated enormous growth in the American economy before 1914 (when the Fed began its operations) and how they helped a swift recovery from the 1920-21 depression, and how the Fed’s deflationphobia and unorthodox monetary policy continues to retard growth today.

Alex Olbrecht, Associate Professor of Economics at Ramapo College of New Jersey, will join Dr. Salerno to discuss the Federal Reserve’s monetary policies.

Professor of Economics at the Lubin School of Business of Pace University in New York City Joseph T. Salerno, received his Ph.D. in economics from Rutgers University. He is the editor of the Quarterly Journal of Austrian Economics and the Academic Vice President of the Ludwig von Mises Institute where he holds the Peterson-Luddy Chair in Austrian Economics.

His latest book is The Fed at One Hundred: A Critical View on the Federal Reserve System, co-edited with David Howden and he is the author of Money: Sound and Unsound. He has also been interviewed on broadcast and online radio and TV shows including Bloomberg radio, CSPAN, Fox News, Fox Business Network and others. He blogs at http://mises.org/Blog

Alex Olbrecht is an Associate Professor of Economics at Ramapo College of New Jersey and the Executive Director Emeritus of the Eastern Economic Association. He has previously served in public office, most recently as the Treasurer of the Yonkers Public Library System. His research interests include the economics of education, labor and sports.

Refreshments will be served at 7 p.m.

Funding for this project was provided by the John Templeton Foundation through a grant from the Institute for Human Studies.