Shadow Open Market Committee
The Committee was founded at a time when many monetarist economists believed the Federal Reserve—and the alleged dominance of new Keynesians within the Fed—had caused a recession by failing to keep money supply growth steady, and advocates that the Fed change its procedures to tighten its control of M-1. Throughout the 1970s and 1980s, the Committee's biannual studies consistently blamed the Fed for contributing to the inflation of that period. After 1982, the SOMC was critical of the Fed's return to short-term interest rate targeting, which it believed would further inflation. Wikipedia*
On the C-SPAN Networks:
Shadow Open Market Committee has hosted 5 events in the C-SPAN Video Library; the first program was a 1989 Forum. The year with the most events was 1992 with two events. The year with the highest average number of views per video was 1994 with an average of 82 views per video. Most appearances with Allan H. Meltzer (5), Mickey Levy (5), Erich Heinemann (5). Most common tag: U.S. Economy.