The Nassau Institute in collaboration with The Banking, Economics and Finance Department and The Economics Society of The College of The Bahamas, with the kind help of sponsors (Patrons) Arizona, Go Ahead (Supporters) JS. Johnson Insurance Agents & Brokers proudly present:
Professor Thomas DiLorenzo will speak on, How America Became a Corporate Welfare State - Thursday, February 26, 2015
Theme of the speech:
The American economic system has been transformed from a capitalist system with pockets of "crony capitalism" (profits earned through government connections instead of customer service) to a system of crony capitalism with pockets of real capitalism. This transformation was the result of a 225-year ideological debate over the proper role of government in society, including its role in economic intervention. This lecture will explain this transformation from historical, biographical, and economic perspectives, and will suggest ways to reverse this insidious transformation of American economic life and, indeed, of economic life in many other countries as well.
Mr. Douglas French will discuss, Business Cycles and the State – Thursday, March 19, 2015
Theme of speech:
Doug French will combine Austrian Business Cycle Theory with real life, discussing the real estate boom created by central bank policies of the last decade as it happened in Las Vegas. After writing his thesis under Murray Rothbard at UNLV on speculative bubbles, Mr. French was an eye witness to the boom and crash, working as a banker in Las Vegas.
Joseph Salerno, Ph.,D. will speak about Money and the State – Thursday, April 23, 2015
Theme of speech:
Dr. Salerno will briefly describe the era of sound money that existed under the gold standard during the 19th century and up to the onset of the First World War. He will then discuss how government and central bank policies destroyed the gold standard and ushered in the era of pure fiat currencies and permanent inflation after the collapse of Bretton Woods in 1971. And will show how the logic of central banks and fiat money led inevitably to the housing bubble, the financial crisis, and the Great Recession, and how quantitative easing and other inflationary "unconventional" monetary policies are now setting the stage for a recurrence of monetary and financial chaos, and possibly even hyperinflation.
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Kenneth Zahringer, Ph.,D. will discuss Monetary Reform in Small Countries – Thursday, May 28, 2015
Theme of speech:
Small states have different options and constraints concerning monetary systems. Mimicking large states by having a national currency and a central bank may not be the best plan. He will explore some of the alternatives, and their implications for liberty-minded citizens.
