Sunday, 5 June 2011

Money, Banking, and The Federal Reserve System

This documentary takes a critical look at the US Federal Reserve. In many ways it plays upon the movement to revert to the gold standard. Indeed the documentary strikes a note with those who pin the blame on the Fed for things like inflation, recession, causing asset price bubbles, mismanagement of crises, and so-on. As noted in a similar documentary it's worth understanding the views of various people when it comes to important facets of the economic and financial system like the central bank because it tells you how other people are thinking and acting which is often beneficial to know.

Thomas Jefferson and Andrew Jackson understood "The Monster". But to most Americans today, Federal Reserve is just a name on the dollar bill. They have no idea of what the central bank does to the economy, or to their own economic lives; of how and why it was founded and operates; or of the sound money and banking that could end the statism, inflation, and business cycles that the Fed generates. Dedicated to Murray N. Rothbard, steeped in American history and Austrian economics, and featuring Ron Paul, Joseph Salerno, Hans Hoppe, and Lew Rockwell, this extraordinary new film is the clearest, most compelling explanation ever offered of the Fed, and why curbing it must be our first priority. Alan Greenspan is not, we're told, happy about this 42-minute blockbuster. Watch it, and you'll understand why.



Finance Documentaries: http://www.financedocumentaries.com/2011/06/money-banking-and-federal-reserve.html

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