August 10, 2012
MIDLAND, MI – On Thursday, August 2, 2012, Dr. Richard Ebeling testified in front of the House Subcommittee on Domestic Monetary Policy and Technology on “Sound Money: Parallel Currencies and the Roadmap to Monetary Freedom.” Others who testified included Nathan Lewis, principal of Kiku Capital Management, and Rob Gray, executive director of The American Open Currency Standard. Dr. Ebeling was called to testify before the subcommittee on the issue of the possibilities and practical difficulties of currency competition.
“This has become a policy issue for two reasons,” states Ebeling. He continues, “The first is the potential of the partial or complete breakdown of the Eurozone and a return to separate national currencies that has stemmed from the talk of Greece possibly leaving the European Union. Secondly, in March 2011, the State of Utah legalized the use of federal government-issued gold coins as legal tender currency within the jurisdiction of the State of Utah in competition with Federal Reserve Notes.”
Dr. Richard Ebeling is a professor of economics at Northwood University. He is a well-noted authority on monetary economics and reform. While serving as vice president for The Future of Freedom Foundation (FFF), Ebeling co-edited and contributed to five books published by the FFF and wrote a monthly article and book review for FFF’s publication Freedom Daily. He also lectures widely on the problems of economic reform and change in the former Soviet Union and Eastern Europe. Ebeling received his B.A. in economics from California State University-Sacramento, an M.A. in economics from Rutgers University and a Ph.D in economics from the University of Middlesex in England.
He received the “Franz Cuhel Award for Excellence in Free Market Education,” presented by the Liberalni Institute at the annual Prague Conference on Political Economy (Prague, April 2007) and the “Liberty in Theory: Lifetime Award” for contributions advancing the case for classical liberalism, presented by Libertarian Alliance/Libertarian International (London, November 2005). He has also twice been a Hayek Fellow at the Institute for Humane Studies.
Richard Ebeling and his wife, Anna, live in Midland, Michigan. They have a daughter and three grandchildren.
To read or listen to Dr. Ebeling’s testimony, visit http://financialservices.house.gov/Calendar/EventSingle.aspx?EventID=304699.
ABOUT NORTHWOOD UNIVERSITY
Northwood University is committed to the most personal attention to prepare students for success in their careers and in their communities; it promotes critical thinking skills, personal effectiveness, and the importance of ethics, individual freedom and responsibility.
Private, nonprofit, and accredited, Northwood University specializes in managerial and entrepreneurial education at three full-service, residential campuses located in southern Florida, mid-Michigan and northern Texas. Adult Degree Programs are available in eight states with many course delivery options including an online option. The DeVos Graduate School offers day, evening and weekend programming in Michigan, Texas, Florida and Switzerland. The Alden B. Dow Center for Creativity and Enterprise in Midland, Michigan, specializes in creative thinking and innovation development. International education is offered through study abroad and in Program Centers in Switzerland, China, Malaysia and Sri Lanka.