John Allison talks tax reform, the Federal Reserve, and alternative currency

October 24, 2017 | by

John Allison, Executive-in-Residence of the BB&T Center for the Study of Capitalism, spoke about President Trump’s proposed tax plan, the Federal Reserve, and Bitcoin on Bloomberg Daybreak.

Mr. Allison described how the proposed tax reform would generate some growth, but not dramatic growth, emphasizing that the bigger issue is spending.  Mr. Allison also discussed the “impossible” job of the Fed as well as how an alternative currency—though not necessarily Bitcoin—can be good by imposing market discipline on the Federal Reserve.

Mr. Allison has been an executive-in-residence with the BB&T Center for the Study of Capitalism at Wake Forest University since November 1, 2015.  His main roles have been to mentor students, guest-lecture in classes, and give public lectures. As executive-in-residence, Mr. Allison has helped foster Wake Forest’s student-centered educational mission.  His leadership has been invaluable in helping the BB&T Center implement its mission of critically evaluating the role of capitalism in a humane and just society.  His extensive real-world experience in business and banking has enabled him to provide insight to students into the crucial role honorable business plays in fostering a prosperous society. Prior to his current position, Mr. Allison was the CEO of the Cato Institute following a career at BB&T that culminated in his outstanding performance as chairman and CEO.

More information regarding Mr. Allison and his media availability should be directed to the Marketing and Communications Team in the Wake Forest Business School.