[youtube=http://www.youtube.com/watch?v=m2pxW7D1Vao]
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.
Click image to view larger version in a new window. Graph © NYT. This graph was taken from a New York Times article entitled “Read Between All Those For Sale Signs†[reg. required] by David Leonhardt and Vikas Bajaj. Now the folks at Speculative Bubble have decided to dramatize this graph by — what else? — plotting it inside the game Roller Coaster Tycoon. [youtube=http://www.youtube.com/watch?v=kUldGc06S3U] This video is scary, especially for those of who us who have purchased homes in the past few years, but I continue to take comfort in the fact that other graphs of the bubble aren’t quite so alarming.
![[Home prices have risen more sharply in the past ten years than at any other time since 1890.]](http://www.getrichslowly.org/images/homepricesL.gif "Headed for a fall?")