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Fed Video Praised by Tough Critic

  • Fed
  • 2 min read
Quarterly Journal of Austrian Economics
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This image of a young :en:Murray Rothbard, ori...
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I posted a video on the Federal Reserve here and recommended that anyone with an interest in understanding our economic situation watch it. I truly believe it is necessary to understand what Central Banks, and ours in particular, have done to economies. I just came across strong praise from Tyler Durden regarding this same video:

“A fantastic history of the reasons for, and the creation of, the Federal Reserve, courtesy of Murray Rothbard and our friends at Mises Institute, with the article originally appearing in Quarterly Journal of Austrian Economics, Vol. 2, No. 3 (Fall 1999), pp. 3–51. It is also reprinted in A History of Money and Banking in the United States and as a monograph. This is a must read for anyone who is curious why the Federal Reserve (with or without Goldman) is the sole organization responsible for not only perpetuating the interests of a select few of financial oligarchs, but in essence shaping monetary, fiscal, financial and political policy in the entire developed world. If after reading this, one is not convinced that the Fed screams a need for at least some supervision or accountability, one is likely a borderline-corrupt Senator who is on the payroll of Citi, Bank of America and/or Goldman Sachs (or, what may be worse, infinitely naive).”

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