Documentary of the Week: The Case Against the Fed

July 6th, 2014
in econ_news, syndication

Money, Banking and the Federal Reserve

Econintersect:  This week we have a presentation by, produced in 1996.  It is an appeal for the use of "hard money" based on one or more commodities used as money.  The introduction uses a now discredited argument that barter preceded money and money was introduced as a convenience to facilitate barter.  The archeological record has found that before money came into existence the medium of exchange was credit and the creation of money came only after credit was an established medium of exchange.  The arguments presented for modern use of hard money do not depend on the historical story of barter in early civilizations.  This film should be remade without the unnecessary "mythology".


Follow up:

The introduction at YouTube:

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 documentary is the clearest, most compelling explanation ever offered of the Fed, and why curbing it must be our first priority.

John Lounsbury


Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved