FMI Public Speaker Series - Money and the Rule of Law
Channel: Free Market Institute
Date: 2022-02-17

Based on their recent book, 𝘔𝘰𝘯𝘦𝘺 𝘢𝘯𝘥 𝘵𝘩𝘦 𝘙𝘶𝘭𝘦 𝘰𝘧 𝘓𝘢𝘸: 𝘎𝘦𝘯𝘦𝘳𝘢𝘭𝘪𝘵𝘺 𝘢𝘯𝘥 𝘗𝘳𝘦𝘥𝘪𝘤𝘵𝘢𝘣𝘪𝘭𝘪𝘵𝘺 𝘪𝘯 𝘔𝘰𝘯𝘦𝘵𝘢𝘳𝘺 𝘐𝘯𝘴𝘵𝘪𝘵𝘶𝘵𝘪𝘰𝘯𝘴 (2021), co-authored with Daniel J. Smith of Middle Tennessee University, Dr. Salter and Dr. Boettke present a novel argument in favor of embedding monetary institutions into a rule of law framework. 

They argue for general, predictable rules to provide a sturdier foundation for economic growth and prosperity. A rule of law approach to monetary policy would remedy the flaws that resulted in misguided monetary responses to the 2007-8 financial crisis and the COVID-19 pandemic. Understanding the case for true monetary rules is the first step toward creating more stable monetary institutions. 

The Free Market Institute hosted Peter J. Boettke, University Professor of Economics and Philosophy at George Mason University, and Alexander W. Salter, FMI Comparative Economics Research Fellow and Georgie G. Snyder Associate Professor of Economics in the Jerry S. Rawls College of Business Administration at Texas Tech University, to present an FMI Public Speaker Series lecture at Texas Tech University on February 9, 2022.