How the Federal Reserve System Harms the Economy

Jeremy R. Hammond explains 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.

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!

The government perpetually lies to the public about important issues. The mainstream media dutifully serve to manufacture consent for criminal policies.

I free people’s minds by exposing state propaganda intended to keep them in servitude to the politically and financially powerful. My writings empower readers with the knowledge to see through the deceptions and fight for a better future, for ourselves, our children, and future generations of humanity.

I’m an independent political analyst, journalist, publisher and editor of Foreign Policy Journal, and author of several books. I’m also a coach who helps writers communicate their ideas more effectively to make a greater positive impact.

Learn more about my 10-Step Formula for Effective Journalism writing coaching program.

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