Have the professors of finance and economics at your school read the Federal Reserve Act?

 

Do the professors of finance and economics at your school understand the Federal Reserve Act of 1913? 

 

If one more dollar is added to the money supply then what is the effect on Inflation, or employment or production?

 

I am hoping to motivate professors to study the Federal Reserve Act with a news story.  The news story is that professors of finance and economics at all schools don’t understand the principles of the United States money supply because they don’t understand the Federal Reserve Act.  Their lack of knowledge extends to monetary policy and the National Debt because that Act established the operating principles for those systems.  A professor can’t be an expert in finance or economics until the Federal Reserve Act is understood.  Their lack of understanding  is why our economy hasn’t been fixed.     

 

It’s September 2008.  The first group of people to know about this web site will be editors of college and university newspapers.  They will know because I plan to e-mail over one hundred editors that are listed in the Yahoo directory of college and university newspapers.  The partial list I plan to use is available by e-mail request.  The full list includes a folder of web site forms is available by ftp.  The folder contains the “Letters to the Editor” form found on many newspaper web sites.  The folder can’t be e-mailed.  The ftp address is listed under the navigation button titled Contact.

 

      The main reason for this forum is to gather responses from Editors from across the country about the answer their professors of finance and economics gave to the question, “Do you understand the Federal Reserve Act?” 

The response I have gotten is professors will say they DON’T understand the Federal Reserve Act and they are not anxious to study it.  Please join the forum and tell us the response you received from your professors.

 

The objective of this forum is for Editors to realize the giant void in knowledge about our money supply.  Then I hope Editors will be able persuade the professors at their school to model the Federal Reserve Act by writing a story.  We only need a few professors to start off and publish a paper in their academic journal and then the rest of the professors should join in.  Once professors have a mathematical logic then they can come to the same conclusion.  Once they come to the same conclusion then professors can inform Congress with a unified message.  That unified message will allow Congress to amass a majority vote to amend the Federal Reserve Act. 

Although I call professors of finance and economics the “Lesser Professor”, I expect them to perform with precision and insight once they understand the Federal Reserve Act.  They are the reluctant heroes this country desperately needs.    

 

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