Money, Banking and the Federal Reserve

The 42-minute video used to be on the front page of End the Fed is an excellent history of the US system. It has been produced by the Mises Institute which is known for advocating the market economy, private property, sound money, and peaceful international relations, while opposing government intervention as economically and socially destructive.

If  “sound money” was in circulation, governments would indeed by fulfilling very different roles. But as long as we live in democracies, governments are, at least in theory, ‘democratically accountable’. And in the UK, Parliament is the highest court in the land.

You can find the video on Google here, and the complete transcript is here.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s