Hybrid Event, live streamed through https://harvard.zoom.us/j/93448881086
Wednesday, November 15, 4:00–5:30 p.m. ET
Will Bateman (Australian National University, College of Law)
Contra the conventional view, this talk argues that the US central bank has always had an extensive fiscal role: building, smoothing and rescuing US Treasury debt markets. The Fed’s fiscal functions are explored with a particular focus on operations during the World Wars, the Great Depression, the Cold War, the Global Financial Crisis and the COVID-19 Pandemic. A deeper understanding of the Fed’s fiscal functions has implications for the constitutional design of economic institutions and legal-theoretic accounts of the financial system.
Presented by the Program on Law and Political Economy at Harvard Law School.
For more information, please visit the Program on Law and Political Economy at Harvard Law School’s webpage.