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Money for Nothing2013

Inside the Federal Reserve

  • 3.8
Nearly one hundred years after its creation, the power of the U.S. Federal Reserve has never been greater. Markets and governments around the world hold their breath in anticipation of the Fed Chairman’s every word. Yet the average person knows very little about the most powerful, and least understood, financial institution on earth.

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Member Reviews (1)

The ending of this documentary is insane as are many of its ideas about present policy decisions. Featuring gold bugs and hawks the world over, the documentary ignores fiscal policy's role in the continuing crisis, largely ignores the savings and loan crisis, or any other piece of evidence that would disagree with the idea of raising rates. Instead, in their view, we must now make the "hard choice" to screw ourselves over despite such advice mirroring the poor choices made in the great depression (which they even go over!). What an astonishingly terrible and trite policy recommendation based on flawed economic ideals focusing on export growth, as if mercantilism is cutting edge economic thought. What utter trash disguising itself as folksy wisdom. For anyone wishing to understand an actual way forward on the fiscal and monetary front, I would suggest reading Paul Krugman, Brad DeLong, and Noah Smith, rather than watching this rehash of 70s and depression era economic thought.