FDN's ongoing series examines the Federal Reserve System and it's proper role in an interview with Allan Meltzer, Ph.D., Professor, Carnegie Mellon Tepper Graduate School of Business, Senior Fellow at Hoover Institute, and author of a three-volume history of the Federal Reserve.
Your help is urgently needed for us to complete other interviews with former officials from the U.S.Treasury and New York Federal Reserve, experts, and leaders in the U.S. Senate and Congress.
Allan Meltzer, Ph.D., American Economist, Carnegie Mellon Tepper Graduate School of Business, and author of a three-volume history of the Federal Reserve, describes the Federal Reserve as a "banker's bank," where banks go to borrow money when they need more.
"Other countries are nibbling around the edges of our financial system," but that the dollar will not be replaced.
In this second segment of the on-going series, B. Scott Minerd, Global Chief Investment Officer of Guggenheim Partners describes the Federal Reserve as a novel concept in being a marginal provider of liquidity in times of crisis, such as the 1907 financial panic of skyrocketing interest rates.
Full Disclosure Network® presents B. Scott Minerd, Chief Investment Officer of Guggenheim Partners provides his insight on many of the critical issues facing America and California in a one hour video interview for cable television conducted by Leslie Dutton.