Fairmont Economic SummitMay 18, 2:30pm-4:30pm
Preparatory Academy Theater
Have you ever wondered what economists do all day? Take a look inside the world of our economy as our Fairmont Prep economics students debate on the topic: "Resolved: that the Federal Reserve should continue its program of Quantitative Easing." Experience first-hand our students' real-world knowledge and oratory skills. This inaugural debate will be judged by three economics professors from local universities.
Join us in the MPR after the debate to meet the students and judges and to enjoy light refreshments.
Addenda – "Quantitative Easing" is the Fed's terminology for its program of purchasing Treasury securities and mortgage-backed securities to the tune of $85 billion per month. Its stated intent is to continue this program until unemployment drops to 6.5% and/or inflation reaches 2.5%. Our students will be discussing the potential consequences of this program and whether it should be continued in light of those potential consequences.