BUIES CREEK – The Campbell Business School chapter of the Adam Smith Club recently attended the 35th Annual Cato Monetary Conference in Washington, D.C. At the conference, leading scholars, policymakers, and journalists examined the case for a rules-based international monetary system, considered steps to normalize monetary policy, debated the future of currency, and explored China’s future in the global monetary system.
One of the highlights of the conference was a speech by Representative Andy Barr of Kentucky. He is the Chairman of the House Subcommittee on Domestic Monetary Policy & Trade. Representative Barr discussed a proposed bill which focuses on shifting more monetary responsibility to Congress. He opined that the Federal Reserve is tasking with enforcing monetary policy, as opposed to having a responsibility to control it.
“The CATO conference provided a great opportunity to learn about the importance of implementing sound fiscal and monetary policies across all levels of government,” said Trust & Wealth Management major and MBA candidate Veronica Hammond, who hails from nearby Coats. “Networking with fellow students and professionals as well as touring our nation’s capital greatly enhanced the overall experience.”
“The conference was incredibly informational,” said Trust & Wealth Management major and MBA candidate Jazman Jones of Shawnee, Okla. “Overall, it was a great experience and I am happy we got to attend and step out of our comfort zones a little.”
After the conference, the Club visited many national landmarks and toured the U.S. Capitol Building, rode the U.S. Capitol subway system, and walked the same path members of Congress walk to cast their votes.