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Apr 6, 2018

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How the Federal Reserve System Harms the Economy

Listen to me explain how the Federal Reserve system harms the economy by effecting a transfer of wealth upward, serving the interests of the political and financial elite at the expense of the rest of society.

The Eccles Building in Washington, D.C., which serves as the Federal Reserve System's headquarters. (AgnosticPreachersKid/Wikimedia Commons)
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https://www.youtube.com/watch?v=XoP7n57ZfE4

I had the pleasure this week of speaking with Mance Rayder of the Free Man Beyond the Wall podcast for a third time, this time to talk about the role of the Federal Reserve. In our above discussion, you'll hear me explain the purpose of the Fed and how it serves the interests of the political and financial elite at the expense of the rest of society. I explain the mechanisms of how this upward transfer of wealth occurs, as well as how the Fed's monetary inflation causes the business cycle of unsustainable booms and inevitable busts.

Learn more about my book Ron Paul vs. Paul Krugman: Austrian vs. Keynesian Economics in the Financial Crisis!

About Jeremy R. Hammond

About Jeremy R. Hammond

I am an independent researcher, journalist, and author dedicated to exposing mainstream propaganda that serves to manufacture consent for criminal government policies.

I write about critically important issues including US foreign policy, economic policy, and so-called “public health” policies.

My books include Obstacle to Peace: The US Role in the Israeli-Palestinian Conflict, Ron Paul vs. Paul Krugman: Austrian vs. Keynesian Economics in the Financial Crisis, and The War on Informed Consent.

To learn more about my mission and core values, visit my About page.

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