Herbener to Testify on Federal Reserve

Jeffrey M. Herbener

My friend and department chair, Jeffrey Herbener is scheduled to testify before the Subcommittee on Domestic Monetary Policy and Technology next Tuesday, May 8. The Subcommittee is chaired by Ron Paul and is under the Committee on Financial Services in the U.S. House of Representatives. The Subcommittee will be considering "Improving the Federal Reserve System: Examining Legislation to Reform the Fed and Other Alternatives."

Herbener's written testimony is already posted to the Subcommittees webpage. He will be appearing along with another friend of mine, Peter G. Klein, Associate Professor, Applied Social Sciences at the University of Missouri, and other economists John B. Taylor, James K. Galbraith, and Alice Rivlin.

Just a couple of weeks ago, Jeff and I contributed to a presentation on important contemporary economic issues for this year's Center for Vision and Values conference. Jeff spoke about sound money. His appearance before Ron Paul's Subcomittee is a tremendous opportunity for Jeff to present the case for sound money to a legislative body who desperately needs both to hear it and to act upon it.