Larry Jacobs and Desmond King deliver a book talk for their recent publication, Fed Power: How Finance Wins, which traces the Fed's historic development during the 19th century to its current position as the most important institution in the American economy, possessing unparalleled capacity and autonomy to intervene in private markets. This examination of the Fed as a potent political institution that systematically provides concealed advantages to a privileged few explores how the Fed's programs during the Great Recession funneled enormous sums to a select few in the finance industry while leaving Main Street businesses adrift and millions of homeowners underwater. Jacobs and King ultimately present an energetic reform agenda to build the sort of accountable central bank that other countries, like Canada, already possess to ensure the economy remains stable and prosperous for all and not just a few.
Date: 16 November 2016
Time: 4pm
Venue: Thai Theatre, New Academic Building
Speakers:
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Lawrence R. Jacobs is the Walter F. and Joan Mondale Chair for Political Studies and Director of the Center for the Study of Politics and Governance in the Hubert H. Humphrey School and the Department of Political Science at the University of Minnesota
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Desmond King is the Andrew W Mellon professor of American Government at Nuffield College, University of Oxford and an Emeritus Fellow at St John’s College.
The event will be live tweeted from @LSE_US using the hashtag #LSEUSFed
This event is free and open to all with no ticket or pre-registration required.
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