Nobel laureate Milton Friedman's main message for central banks was to maintain a monetary rule that kept the growth of the money supply constant, and would certainly not favor the Federal Reserve's current inflationary plan.

A History of the Federal Reserve, Volume I: 1913-1951 (University of Chicago Press, November 2002), by AEI resident scholar Allan H. Meltzer, includes previously unpublished records of official meetings and conversations at the time of creation of the Federal Reserve System. Meltzer reveals that the...

In regards to the Federal Reserve as super regulator, change is needed and long delayed, but appropriate change must protect the public, not bankers.

Please join the Journal of Financial Services Research and American Enterprise Institute at a conference honoring Anna Schwartz. Over the past four decades, Dr. Schwartz has made countless major contributions to economic and financial policy. This conference will feature keynote addresses by Alan Greenspan, Martin Feldstein, and Allan Meltzer....

AEI scholars are available to comment on President George W. Bush' nomination of Ben S. Bernanke to succeed Alan Greenspan as chairman of the Federal Reserve.

At AEI's annual dinner, President Bush delivered a historic address on the need for a new government in Iraq and the role it could play in spreading democracy in the Middle East.

Allan H. Meltzer received AEI's...

Allan H. Meltzer will receive the first annual Irving Kristol Award at AEI's annual dinner on February 26, 2003.

Aloose monetary policy is necessary to head off an economic downturn that is coming our way.