Showdown in Jackson Hole: The Fed Challenged on its Own Turf in Wyoming by Group Likely to Finally Start Dismantling it

Ralph Benko, Senior Advisor at the American Principles Project, moderates a panel with Nobert Michel, Research Fellow in Financial Regulations for the Heritage Foundation, Thomas Hogan, Chief Economist for the U.S. Senate Committee on Banking, Housing & Urban Affairs, William Luther, economics professor at Kenyon College, and Brian Domitrovic, chairman of the history department at Sam Houston State University.

Ralph Benko, Senior Advisor at the American Principles Project, moderates a panel with Nobert Michel, Research Fellow in Financial Regulations for the Heritage Foundation, Thomas Hogan, Chief Economist for the U.S. Senate Committee on Banking, Housing & Urban Affairs, William Luther, economics professor at Kenyon College, and Brian Domitrovic, chairman of the history department at Sam Houston State University.

A powerful combination of people has finally come together to present a real challenge to the Federal Reserve’s death grip over monetary policy. Every year, the Federal Reserve holds an annual conference in ritzy Jackson Hole, Wyoming. This year, the American Principles Project decided to challenge the Fed on its own turf. Hundreds of top economists, lawmakers, policy analysts and members of the media interested in monetary reform descended on the elite little Western town — perfect for the elitists at the Fed — this past weekend to come up with an agenda and make real plans to reform and cut back the horrendous problem that is the Fed.

Part of the problem with reforming the Fed is that monetary reform is a complex issue which doesn’t grab people’s attention, making it hard to generate enough interest to get anything done. By bringing together the brightest economic minds with journalists however, and not just any journalists but also bloggers and opinion columnists for top conservative news sites, the goal of reforming the Fed is finally on its way to becoming a mainstream issue. The somber reality is the Fed’s awful policies affect everyone throughout every facet of our lives, from employment and consumer prices to housing and credit cards. It is much more serious than people realize, and besides creating a stagnant economy, is slowly destroying vast segments of society.

Millennials are helping generate this increase in interest. Unable to make a living and support themselves as young adults like previous generations, Millennials are fed up and ready for reform. More Millennials than Generation Xers say they want a change from Obama’s policies. Speaker Julie Borowski, a leading spokesperson for Millennials on YouTube, pointed out that Ron Paul fills stadiums of her generation demanding “End the Fed,” and noted that the youthful Occupy Wall Street movement was a direct reaction to the big banks — which make up the Fed. Constantly lowering interest rates increases the income divide. There is common ground for OWS to join forces with the right in reforming — if not ending — the Fed.

Read the rest of the article at Townhall

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