Sunday, April 10, 2011

CHAPTER 19: There is no better example of the disorder created by trying to manipulate a complex adaptive system than the havoc caused by central banking. 

So let's take a closer look at the central bank of the United States which is called the Federal Reserve System.  The Fed is so important as an example of the difference between trying to manage the economy through hierarchy versus allowing spontaneous order to do the organizing that I have included 2 lengthy videos and another essay on the subject.  Here are two lectures and an essay concerning the Federal Reserve.  Rather long but very interesting.

First let's listen to G. Edward Griffin who is the author of THE CREATURE FROM JEKYLL ISLAND.

Next here is Murray N. Rothbard the author of THE MYSTERY OF BANKING and other books on this subject.

And finally here is what Gary North has to say about the FED.  The tone of this essay illustrates how controversial economics and economic policy can be.

Review Questions:   Why does former Congressman and Presidential candidate Ron Paul think we should abolish the Federal Reserve?

No comments: