2013-2014 Essay Contest


The following is a short list of resources to get you thinking about the essay question. A lot of information on the oil boom and related topics is available, and this list shouldn’t be considered exhaustive, but a starting point. Remember, creative research will be rewarded, so a trip to your library could pay off.


History of the Federal Reserve

The Federal Reserve System: Purposes and Functions

Critical Views

Greider, William. Secrets of the temple: How the Federal Reserve runs the country. New York: Simon & Schuster, 1989.

Koba, Mark. “If the Federal Reserve is abolished, what then?CNBC. February 8, 2012.

Lowenstein, Roger. “Be careful wishing for the Fed’s end.” New York Times. April 30, 2011.

Paul, Ron. End the Fed. New York: Grand Central Publishing, 2009.

Alternative Arrangements

Free Banking

Admati, Anat and Martin Hellwig. The Bankers' new clothes: What's wrong with banking and what to do about it. Princeton, N.J.: Princeton University Press. 2013.

Ellwell, Craig K. “A brief history of the gold standard in the United States.” Congressional Research Service, Report for Congress. June 23, 2011.

Kotlikoff, Laurence J. and Edward Leamer. “A banking system we can trust.” Forbes.com. April 23, 2009. 

Challenges for the Future

Stevens, Ed. “Electronic money and the future of central banks.” Federal Reserve Bank of Cleveland, Economic Commentary. March, 2002.

Talbot, David. “Battle of the electronic wallets.” MIT Technology Review. March 9, 2012.


Related Links
Federal Reserve Consumer Help