Sunday, December 7, 2014

"Why Was the Fed Created?" with George Selgin -- Ron Paul Fed Lecture Series






Rep. Ron Paul sponsored this Congressional lecture on "Why Was the Federal Reserve Created?", the introductory lecture in a three part series on the Federal Reserve System for Congressional staff. As a continuing educational tool this lecture was filmed and is provided to the public. The lecture was delivered by Dr. George Selgin, Professor of Economics at the Terry School of Business at the University of Georgia and author of a number of books on money and banking, such as "Bank Deregulation and Monetary Order" and "Good Money."
Prof. Selgin provides a short but comprehensive explanation of the institutional drawbacks of the United States banking system during the 19th century and how this fueled desire for financial reform. Unfortunately, as Prof. Selgin goes on to describe, the solution of allowing a free market in banking was rejected and instead another layer of government regulation was placed on the banking sector in the form of the Federal Reserve System.


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1 comment:

  1. america is an inverted roman empire, the americans are the gladiators the servants the slaves AIPAC is the emperor this is an inverted israel of Roman times as them rome was the empire and israel the slaves. this inversion took place from the 1789 french revolution and it evolved until 1913, today america is rule by AIPAC however they are very few the 300 millions are just slave gladiators. reason why the 1% AIPAC FRIENDS rule while the 99% obey. this inverted empire is created by hollywood and the main media banks and ideology. the american slaves are brainwash by main media and enslaved by banks. AIPAC rules congress and wars, they oppress europe australia and some south american nations, all of them are AIPAC slaves reason why the holocaust is a hollywood ICON as is the shoal. the few rule from far away while the many obey the inverted american empire as everyone believes it is americans the conquerors and masters but they are not they are slaves it is AIPAC. AIPAC hates russia china and INDIA because they do not obey like the american slaves. but americans believe in constitution and bill of rights which is just science fiction elections and democracy democracy are as well science fiction, AIPAC choses who is president and who is the enemy as well AIPAC gives money to israel because is the focal point the power is AIPAC not israel neither the Jews they are just victims..

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