Democracy's Medici: The Federal Reserve and the Art of Collecting
is a profile of the central bank seen from the perspective of the
author's unorthodox art-historical career as founding Director of
the Fine Arts Program of the Board of Governors of the Federal
Reserve System. This is an insider's view by an art historian about
the Federal Reserve culture, larger-than-life personalities, and
the fine arts function set against the broader backdrop, both of
the Fed's banking and regulatory mission, and the economic,
political, and social context. During her 31-year tenure, Goley
organized over 110 exhibitions on a range of subjects from New York
Graffiti artists to the first U.S. exhibit of Charles Rennie
Mackintosh. Adding a diplomatic mission to her portfolio, beginning
in 1988, Goley worked with central banks and museums in Austria,
Greece, Hungary, Israel, Poland, Romania, Spain, Switzerland, and
The Netherlands to bring exhibits to the Federal Reserve. Scholarly
contributions included the exhibitions: The Hague School and Its
American Legacy, The Paintings of Eduard J. Steichen,
AustrianBiedermeier, and Polish Constructivism, among others. Two
exhibitions resulted in foreign decorations from The Netherlands
and Luxembourg. In 2006 Goley organized The Face of Contemporary
Art in China, the first of its kind in Washington, DC, for the
Federal Reserve Board. She was twice knighted, in 1982 by Queen
Beatrix of The Netherlands and in 1988 by the Grand Duke of
Luxembourg. With little guidance, she built a remarkable art
collection where there was none. J. Carter Brown, Director of the
National Gallery of Art, wrote of the Fed's program, "It is a model
for others in our field to see someone take a challenge and make so
much of it." You can find an interview with the author
herehttps://www.youtube.com/watch?v=m40d0sTQEec.
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