Banking system in crisis: The Fed and popular governance

Image of rubber stamp showing Federal Reserve System

Project on Democracy and Capitalism

Banking system in crisis: The Fed and popular governance

Robert Bruner, Jon Moen, Mary Tone Rodgers, Scott C. Miller (moderator)

Friday, March 31, 2023
11:00AM - 12:00PM (EDT)
Event Details

Financial crises shape societies, overturn governments, and alter the course of history. Simply put, crisis is the one constant of capitalist economies. Out of the ashes of the Panic of 1907—the first worldwide financial crisis of the twentieth century—Congress sought to moderate financial storms by creating the Federal Reserve in 1913.

Drawing on lessons from history and modern monetary policy, a panel of experts considers the emergence of the Federal Reserve and its role in fighting the societal tumult that flows from financial instability, highlighting the staggering power of "the Fed" and its place in a democratic society.

This event is presented by the Miller Center's Project on Democracy and Capitalism

Friday, March 31, 2023
11:00AM - 12:00PM (EDT)
The Miller Center
2201 Old Ivy Rd
Charlottesville, VA
Robert Bruner headshot

Robert Bruner

Robert Bruner, the Miller Center's Compton Visiting Professor of World Politics, is University Professor at the University of Virginia, distinguished professor of business administration, and dean emeritus of the Darden School of Business. He also has held visiting appointments at Columbia University, INSEAD in France, and IESE in Spain. He has a forthcoming visiting appointment at Harvard. He is the author, co-author, or editor of more than 20 books on finance, management, and teaching. A faculty member since 1982 and winner of leading awards at the University of Virginia and within the Commonwealth of Virginia, he teaches and conducts research in finance and management.

Jon Moen headshot

Jon Moen

Jon Moen is an associate professor of economics and the chair of the economics department at the University of Mississippi. His current research re-estimates historical labor force participation rates for men sixty-five and older in the United States. He also maintains research interests in banking panics in historical perspective and is working on a book about the Bank Panic of 1907. He also is a cellist in the Lafayette-Oxford-University Symphony Orchestra. He earned his B.A. from St. Olaf College and holds an M.A. and a Ph.D. in economics from the University of Chicago.

Mary Tone Rodgers headshot

Mary Tone Rodgers

Mary Tone Rodgers completed her MBA at the Kellogg School at Northwestern University in 1981 and worked at Merrill Lynch, Pierce, Fenner & Smith for 30 years before completing her doctorate at Pace University in New York City in 2011. A CFA charterholder, she advises in an asset management practice. As the Marcia Belmar Willock Endowed Professor of Finance at the State University of New York (Oswego), her research interests include financial markets, banking and financial history, and financial crises. She holds a Chandler Research Fellowship in Business History at Harvard Business School and has presented her work at the National Bureau of Economic Research, the Center for Applied Economics and Policy Research, and the Federal Reserve.

Scott Miller headshot

Scott C. Miller (moderator)

Scott Miller, a research fellow at the Miller Center, is lecturer and research associate at the Darden School of Business at the University of Virginia. From 2019 to 2021, he held a postdoctoral fellowship in economic and business history at the Yale School of Management’s International Center for Finance. As an economic historian, Miller examines the development of modern economic systems, particularly during periods of instability and volatility. He is the author or co-author of numerous scholarly papers on economic history, financial crises, and the interplay between societal and economic change. He also has written or co-written 10 case studies on financial crises and economic development.