ON-Lion Letter
On November 17, the Cato Institute's Center for Monetary and Financial Alternatives (CMFA) will hold the 34th Annual Monetary Conference, "Central Banks and Financial Turmoil," during which distinguished leading experts will address the risks inherent in the unconventional monetary policies of the world's leading central banks and the steps that need to be taken to restore long-run economic growth.

The lack of any monetary rule to guide policy decisions has created great uncertainty and increased financial volatility.  Zero or negative interest rates and quantitative easing have created severe distortions in asset markets by increasing risk-taking and politicizing credit allocation, while failing to bring about robust economic growth.  Conference attendees will find out why.

The event will be at Cato in Washington, D.C.  Its schedule and registration information are available online.

The Lynde and Harry Bradley Foundation in Milwaukee substantially supports Cato's CMFA.
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