At the Senate Subcommittee on Domestic Monetary Policy hearing this morning, Ben Bernanke is taking questions from the Federal Reserve oversight board. The question of the day is, of course, whether the Fed can do anything that will actually help the economy, or if all of the Fed’s manipulation of the money supply are for harm.
A panel of three witnesses fields nuanced questions getting to the heart of that broad analysis. Dr. Thomas J. DiLorenzo is a profession of economics at Loyola’s Sellinger School of Business in Baltimore. Dr. Richard Vedder is an economics professor at Ohio University, and Dr. Josh Bivens represents the Economic Policy Institute in Washington, D.C.
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