The Federal Reserve: Economics and Ethics

I was again blessed to be a guest of Dan Elmendorf on his radio program A Plain Answer, a program produced and broadcast on the radio stations in the Redeemer Broadcasting network. In this interview we discuss the nature and history of the Federal Reserve System. I also talk about the economics and ethics of central banking and government money production. I thought my exposition a little choppy, but not incoherent. My goal was to introduce the topic of the Federal Reserve to interested parties who perhaps have little knowledge of our central money making machine. You can imagine how broad brush I needed to paint in twenty-seven minutes. In any event, you can hear how I did by clicking here.