made america rich. museumhe cochair of the and serves on the smithsonian council.an advisory he has been the museum s president and ceo since 2009. he has established several new initiatives including the center for financial education and museum finance academy. he has curated and worked on over half a dozen exhibits and displays including our current exhibit commemorating the centennial anniversary of the federal reserve. today, david will explore how one of the treasury s greatest leaders help fight the war of 1812. i will now turn the program over to david cowen. [applause] thank you. i appreciate the opportunity to talk about the war of 1812. we are in the bicentennial of the events of the war of 1812. we will break it down into three different sections. we will have the background of what led us into the war. we will then do the war itself capable to the first two parts quickly. and we will get into the main event of what we will discuss today, the financing of the
and explain to her the american healthcare system. she wanted to know if we could meet for tea. i thought, that s a bit ridiculous. you can t happen and it in an hour, and i said to myself-wouldn t it by nice i there were a 250 page book i could give to someone and that would explain the system. when you look out there, there s no such book, and always figured the reason you re a tenured professor, it s beneath you to write the book explaining the system, and if you re trying to get tenure, you figure you right this become, you ll never get tenure. so i wanted to fill that void. and then once i got into writing the book i began to think, sets the platform for what is going to happen. why don t i start making predictions about the future from what i know and all the people i ve talked to, and i had been trained well enough, because one of my colleagues at penn is a professor at warden and has done a lot of research on forecasting forecasting and g predicts, and warns it s a ba
i am pleased to introduce david cowan. he has written extensively on u.s. financial history and is the co-author of financial founding fathers, the man who made america rich. he is the cochair of the international federation of finance museums and serves on the smithsonian affiliates advisory council as well as the federal reserve board s centennial advisory council. david has been the museums president and ceo since 2009. he has established several new initiatives, including the center for financial education and then using finance academy. he has curated or guest curated on over half a dozen exhibits and displays, incurring including our current exhibit. will explore how one of the treasury s greatest leaders helped fight the war of 1812. i will now turn the program over to david cowan. thank you. i appreciate the opportunity to talk about the war of 1812. we are at the bicentennial of the events. we are going to break it down into three different sections. we are goi
the people. host: what about the question of money supply in the government? guest: that is interesting. take it back a little ways. in 1990- 91 i was invited to a meeting in europe, only time i have been to europe to a meeting. there were a lot of big brains there. going down the danube with five nobel prize winners and i wasn t one of them and it was milton friedman, and headed debate with milton friedman, mr. freemarket about free and competitive money and he was arguing the government should control the money supply. competitive money, reliable economy with fewer panic. religion, what would the founders say? the founders were unanimous the government should not establish a religion nor should it prevent the worship of any sport. every state constitution has the words god and half of them have a word jesus christ in them. and they had jesus christ in their constitution. virtually all of the founders were of a mind that you needed to make sure government did not for