"What Does the Fed Do?" with James Grant -- Ron Paul Fed Lecture Series, Pt 2/3
Channel: CongressmanRonPaul
Date: 2012-03-23

Rep. Ron Paul sponsored this Congressional lecture on "What Does the Fed Do?", the second lecture in a three part series on the Federal Reserve System for Congressional staff. As a continuing educational tool this lecture was filmed and is provided to the public. The lecture was delivered by James Grant, founder and editor of Grant's Interest Rate Observer and a frequent commentator on financial news networks.   

Mr. Grant's lecture summarizes the methods the Federal Reserve uses in its attempt to manage the economy through the conduct of monetary policy, dissecting the euphemistic language behind the Fed's actions and describing in detail  the problems with the Fed's endeavor to be an "economic seer." Mr. Grant also bridges the gap between the lectures on the pre-Fed era and the Fed's future by describing the evolution of the Fed over its one hundred year history.


Other lectures in the Fed series: 
Pt. 1: Why Was the Fed Created? -- http://www.youtube.com/watch?v=JeIljifA8Ls 
Pt. 3: What is the Fed's Future? -- http://www.youtube.com/watch?v=IdX60JgPTmA

Related: Ron Paul Money Lecture Series
Pt. 1: "What is Money" -- http://www.youtube.com/watch?v=vowbrq_g5NM   
Pt. 2: "What is Constitutional Money?" http://www.youtube.com/watch?v=k6gMkKmQSW4 
Pt. 3: "What About Money Causes Economic Crises?" -- http://www.youtube.com/watch?v=npJ0CUT8d_Y