Steve Forbes Speaks in Goodwin College ‘Vital Voices’ Lecture Series
As part of Goodwin College’s Vital Voices lecture series, former presidential candidate and editor-in-chief of Forbes Magazine Steve Forbes told an interested audience that money was not as complicated as they might have thought.
Forbes came to Goodwin College on Thursday, June 12, as part of Vital Voices: The T. Boone Pickens Endowed Lectures Series in Education, Innovation and Entrepreneurship. This innovative speaker series focuses on first-hand perspectives of leaders who are making their mark in the business community and the world. Forbes’s lecture was held in conjunction with the CT Forum and R.J. Julia Booksellers.
“It’s very special for us to have this particular guest gracing our stage,” Goodwin President Mark Scheinberg said. “You have here a gentleman willing to speak truth” to those in power, he continued.
Forbes shared insights from his new book Money: How the Destruction of the Dollar Threatens the Global Economy—and What We Can Do About it to an audience of over 180 people in Goodwin’s auditorium. He said that though economic theory and monetary policy could be seen as boring topics, they were vitally important to the future of the country.
“Any students here who are on a bad date and you want out?” he joked, addressing the Goodwin College students in attendance. “Start talking about monetary policy and you’ll never see that person again.”
He told the audience that though the perception of money is that “only a handful of high priests at the Federal Reserve understand it,” the concept is much simple than is commonly thought.
“Money makes it easier to buy and sell between each other,” Forbes said. “That’s all it does.”
After a lecture on topics ranging from reverting to the gold standard, reforming the healthcare system, and simplifying the tax code, Forbes took questions from the audience. The question-and-answer session was moderated by WNPR Business Desk Editor Harriet Jones.
When asked by an audience member what advice he would give the new head of the Federal Reserve, Janet Yellen, Forbes quipped: “Besides buy my book?”
His actual advice: “Get back to basics.”
With a circulation of more than 900,000, Forbes’ flagship publication, Forbes, is the nation’s leading business magazine. In 1996, Forbes entered the new media arena with the launch of. Now averaging 47 million unique monthly visitors, it has become a leading destination site for senior business decision-makers and investors.
Under Forbes’ leadership, the company has launched a variety of new publications and businesses, which include ForbesLife, the dedicated luxury lifestyle and culture magazine; Forbes Europe; Forbes Asia; and Forbes licensee editions published in over 30 countries.
In 1985, President Reagan named Forbes chairman of the bi-partisan Board for International Broadcasting, where he oversaw the operations of Radio Free Europe and Radio Liberty. He was reappointed to his post by President George H. W. Bush and served until 1993.
Forbes serves on the boards of The Ronald Reagan Presidential Foundation, The Heritage Foundation, and The Foundation for the Defense of Democracies. He is also on the Board of Overseers of the Memorial Sloan-Kettering Cancer Center and the Board of Visitors for the School of Public Policy of Pepperdine University.
By: Robert Muirhead