Peter Schiff – The Fed Unspun: The Other Side of the Story

ReasonTV
YouTube
4/3/2012

“Ben Bernanke fancies himself as a student of the Great Depression,” says renowned investment broker, global strategist, author, and Austrian economist Peter Schiff, “but… if he were my student he would have gotten an F.”

During a lecture entitled “The Fed Unspun: The Other Side of the Story”, Schiff responded to Bernanke’s recent four-part college lecture series, rebutting many of the Federal Reserve Chairman’s claims about the cause of the housing crisis, the role of the Federal Reserve, the value of the gold standard, and more.

Cosponsored by the FreedomWorks Foundation and hosted at Reason Foundation’s DC office on March 29, 2012, the lecture was followed by a lively Q&A with the assembled audience, including students who attended Bernanke’s George Washington University lectures.

Shot by Meredith Bragg and Jim Epstein. Edited by Swain. Additional help from Anthony Fisher.

Approximately 1 hour and 26 minutes long.

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Related: Mike Lee Wants to End the ‘Monetary Morphine’ at the Fed

What’s worse than Congress picking winners and losers and distorting the free-market with bailouts, stimulus, and tendentious interventions on behalf of specific industries? Unelected members of the Federal Reserve doing the same through monetary policy…

…Advocating some reform to our 30-year old mandates on the Fed it not tantamount to advocating for ending the Fed.  Senator Mike Lee is introducing a bill, the Federal Reserve Modernization Act (S.2247), to do just that…

Read the complete article at RedState.

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