Morgan Ricks

Herman O. Loewenstein Chair in Law at Vanderbilt Law School and author of The Money Problem, which recasts short-term financial claims as privately issued money and argues that creating money is a public franchise rather than a private privilege. A U.S. Treasury policy adviser during the 2008 financial crisis, he calls for ending shadow banking and, through the FedAccounts idea, giving every household and business direct access to central-bank money. His work treats a sound, publicly accountable money supply as core public infrastructure, not a byproduct of private finance.