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October 22, 2015 – How Does Monetary Policy Actually Work

Bearish investors have long predicted that the Fed's bond buying would spur inflation and devalue the dollar. But since the 2008 financial crisis, neither prediction has come true. What gives? Join members of the New York Financial Writers' Association and the Modern Money Network for a joint discussion about the nuts and bolts of how the Fed's monetary policy does (and does not) impact inflation, the economy and the U.S. fiscal deficit. Panelists will explain and – and question – the merits of the Modern Money Theory, an unconventional take on monetary policy that seeks to explain why the U.S. can never have a fiscal meltdown like Greece or suffer hyperinflation like Zimbabwe. Panelists will include Randall Wray and Marshall Auerback, two scholars who are leading proponents of the Modern Money Theory, along with other economists with a different take on what's really going on. The evening will end with a brief reception, which will include wine and hors d'oeuvres, where attendees will have the opportunity to mingle with panelists and learn about monetary policy. Don't miss this chance to brush up your knowledge.

RSVP's are MANDATORY by October 21st to

When: Thursday, October 22nd 6:30 p.m. to 9 p.m.

Where: Room #101, Jerome Greene Hall, Columbia Law School (435 West 116th Street, at 116th and Amsterdam Avenue)

RSVP: RSVP’s are MANDATORY, by October 21st to