James Bradfield and Carl Menges will present on “Turbulence in the Financial Markets,” Saturday, 1 November, at 4 p.m. in the headquarters of the AHI. Bradfield, AHI co-founder and Elias W. Leavenworth Professor of Economics at Hamilton College, will present an economic analysis of the causes of the current global market turbulence and of the proposed governmental action to alleviate it. Professor Bradfield teaches courses in finance at Hamilton College.  His analysis will discuss the meaning and function of liquidity, the creation of money by the banking system, the alleged role of “greed,” in generating the turbulence, and the Federal Reserve System as a monetary authority rather than as a bank.

Carl Menges, a member of the AHI’s Board of Trustees, will also present his thoughts on the present crisis and the future of Wall Street.  Mr. Menges received his A. B. cum laude in 1951 from Hamilton College and his M.B.A in 1953 from the Harvard Graduate School of Business. In 1966 he joined the investment banking firm Donaldson, Lufkin & Jenrette where, before its purchase in 2000 by Credit Suisse, he rose to the position of Vice Chairman.

Hamilton College families celebrating Family Weekend are most welcome.

The event is open to the public. A reception will follow.