Cato Institute Economist to Discuss Possible Abolition of Central Banks

Gerald O’Driscoll is a Senior Fellow at the Libertarian Think Tank

What: Gerald O’Driscoll, a senior fellow at the Cato Institute, will deliver a lecture, “Central Banks: Reform or Abolish?” The event is part of the S.C. Davis Endowment lecture series. The Cato Institute is a libertarian think tank headquartered in Washington D.C. O’Driscoll’s appearance is free and open to the public.

When:  Wednesday, September 26 at 8:15 p.m.

Where: Rittenberg Lounge in Mather Hall on the Trinity campus, 300 Summit Street.

Background: In a December 2010 article in The Wall Street Journal, O’Driscoll traced the history of this country’s Federal Reserve System and posed the question: “Why do nations have central banks?” Perhaps it was a rhetorical question, because he went on to say, “In short, central banking has been neither necessary nor sufficient for the development of a modern economy and financial system. A number of reform proposals for the Fed are being crafted, but there is no agreement on why the institution exists.” 

O’Driscoll may have tipped his hand in that piece, but nonetheless, he is coming to Trinity to discuss whether central banks should be reformed or abolished.

O’Driscoll is a widely quoted expert on international monetary and financial issues. At one time he was director of the Center for International Trade and Economics at the Heritage Foundation and senior editor of the annual Index of Economic Freedom, co-published by the Heritage Foundation and The Wall Street Journal.

He has also served as vice president and director of policy analysis at Citigroup. Prior to that, O’Driscoll was vice president and economic adviser at the Federal Reserve Bank of Dallas. He also served as staff director of the Congressionally-mandated Meltzer Commission on international financial institutions and has taught at the University of California, Santa Barbara, Iowa State University and New York University.

A widely published author, he has appeared on Fox Business News, CNBC and Bloomberg, and he is a director of the Association of Private Enterprise Education.

O’Driscoll holds a B.A. in economics from Fordham University in NY, and an M.A. and Ph.D. in economics from the University of California, Los Angeles.

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