In the previous episode, #27 The Truth About the Federal Reserve – An Introduction, I laid the groundwork for this episode. So now that you know what the Fed is, why it was created and how it creates money, let’s look at the results of the last 100+ years since this monstrosity was created.

We will discuss the constitutionality of the Fed, how it creates inflation, its impact on savers and people on fixed incomes, malinvestment, bailouts, how it funds the welfare and warfare state, the gold standard, and I conclude the episode with a side-by-side comparison of the current monetary system dominated by the Fed with one without it.

Show Notes:

• Creature from Jekyll Island, Edward Griffin
• Numerous writings and podcast from the likes of Ron Paul, John Tamny, Tom Woods, Fee.org and Mises.org.
• ContraKrugman Episode 185 - Economist's Love Letter to the Fed
• A Century of Failure: Why It's Time to Consider Replacing the Fed - Mises

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