Graduate Scholar Talk - February 6, 2020

The Monetary Basis of Bank Supervision

Speaker: Lev Menand, PhD, JD, Columbia Law School.

What do banks do and why does the government supervise them? This talk recounted the lost history of bank oversight, revealing that the government created special agencies to control various aspects of bank activities because they understood banks to be a type of privately-owned mint that augments the money supply on behalf of the state.