Money, Banking, and the Federal Reserve

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. This is economics and history as they are meant to be: fascinating, informative, and motivating. This movie could change America.

Ludwig von Mises Institute - 41 min 25 sec - Jun 1, 1996

Related videos directly from mises,org: Speech by Ron Paul The Gold Standard: An Austrian Perspective, and debate on the Gold Standard, featuring Congressman Ron Paul and Charles Partee, member of the Federal Reserve Board of Governors. This debate took place at the 1983 Capital Hill Gold Standard Conference in Washington, DC, which was hosted by the Ludwig von Mises Institute.

"The refusal of King George III
to allow the colonies to operate
an honest money system, which
freed the ordinary man from the
clutches of the money manipulators
was probably the prime cause of
the revolution"
-- Benjamin Franklin

(King George III had outlawed the independent currency of the colonies - interest free and independent money that the american colonies had made themselves - and forced the colonists to borrow money at interest from the central bank of england).

"I believe that banking institutions are
more dangerous that standing armies...
If the american people ever allow
private banks to control the issue
of currency... The banks and the corporations
that will grow up around them will deprive
the people of their property until their
children wake up homeless on the continent
their fathers conquered"
--Thomas Jefferson (1743-1828)

FACTS:
From 1914 to 1919, the Fed increased the money supply by 100%
From 1921 to 1929 the Fed increased the money supply by 62%