A friend recently asked me to recommend a book that explains the Fed. In my efforts to find the best book to introduce the topic, I came upon this documentary. Although it must be several decades old, it clearly and thoroughly lays out the basics of money and the Fed and can serve as an accessible starting point from which to go on to read one of the many books on the subject, some of which I recommend below.
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- "Gentlemen, the time is coming when there will be two great classes, Socialists and Anarchists. The Anarchists want the government to be nothing, and the Socialists want government to be everything. There can be no greater contrast. Well, the time will come when there will be only these two great parties, the Anarchists representing the laissez faire doctrine and the Socialists representing the extreme view on the other side, and when that time comes, I am an Anarchist." --William Graham Sumner
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