Jackson Hole Summit Challenging Federal Reserve
From Steve Lonegan, Director of Monetary Policy for American Principles in Action:
For the first time in the 101 year history of the Federal Reserve, leading economists, conservative think tanks, and political leaders will converge on Jackson Hole, Wyoming for the Jackson Hole Summit.
The big question on everyone’s mind is will the Federal Reserve deliver another Great Recession?
No one has ever challenged the Federal Reserve System the way this unaccountable, unelected powerful institution will be challenged two days from now. There are still a limited number of spaces available to attend in person, however, if you are unable to join us you can watch our main event via live stream at:
The Jackson Hole Summit is designed to challenge the policies of the Federal Reserve System and to hold the Federal Reserve accountable for the impact of today’s monetary policy on the nation’s economy.
Monetary Policy, once referred to as “The Currency Debate,” has evolved into a complex science that appears incomprehensible to the majority of Americans. This should not be the case. Money is the measure of one’s earnings and savings.
Money measures an individual’s earning potential in the marketplace and serves as a means of storage of the reward of those who work and save. Money is private property that must be above manipulation by unelected or even elected officials. When money can be diminished in value by the policy decisions of bureaucrats, perhaps with a political agenda, it is equivalent to confiscation of one’s private property.
Today’s monetary policies have undermined the value of savings and the buying power of American wages. Working families are caught in a vice grip of stagnant wages and a rising cost of living. Savers are being punished as Federal Reserve policies make a mockery of thrift.
When an individual cannot safeguard the value of their life’s work, the fruit of their labor, from the whims of politics, they can never be free to pursue the American Dream. Today’s Federal Reserve System policies threaten this fundamental right.
The goal of the American Principles Project Jackson Hole Summit is to return the “Currency Debate” into the public arena and to educate Americans on the impact of the the Federal Reserve System’s “discretionary” policies on the economy – and our liberty.
On to Jackson Hole!