Thomas Jefferson and Andrew Jackson understood “The Monster”. But to most Americans today, Federal Reserve is just a name on the dollar bill. They have no idea of what the central bank does to the economy, or to their own economic lives; of how and why it was founded and operates; or of the sound money and banking that could end the statism, inflation, and business cycles that the Fed generates.
The Federal Reserve, or the Fed as it is lovingly called, may be one of the most mysterious entities in modern American government. Created during Wilson’s presidency to protect the economy in times of financial turmoil, its real business remains to be discovered. During the Wilson presidency, the U.S. government sanctions the creation of the Federal Reserve. Thought by many to be a government org
After many years of apathy in the country, the insurrection exploded. The spontaneous revolt of “faceless” people meant saucepans were being banged in every neighborhood, all the way to the city’s vital centers. What happened to Argentina? How was it possible that in so rich a country so many people were hungry? The country had been ransacked by a new form of aggression, committed in time of p
Professor Niall Ferguson examines the origins of the pillars of the world’s financial system, and how behind every great historical phenomenon – empires and republics, wars and revolutions – there lies a financial secret.Episode 1: Dreams of Avarice. From Shylock’s pound of flesh to the loan sharks of Glasgow, from the ‘promises to pay’ on Babylonian clay tablets to the Medici banking system, Pr
We heard rumors of a new kind of economy emerging in Argentina. With hundreds of factories closing, waves of workers were locking themselves inside and running the workplaces on their own, with no bosses. Where we come from, a closed factory is just an inevitable effect of a model, the end of a story. In Argentina today, it's just the beginning. In suburban Buenos Aires, thirty unemployed auto-par
In 1966, General Motors, the most powerful corporation in the world, sent private investigators to dig up dirt on an obscure thirty-two year old public interest lawyer named Ralph Nader, who had written a book critical of one of their cars, the Corvair. The scandal that ensued after the smear campaign was revealed launched Ralph Nader into national prominence and established him as one of the most
On June 15, a Houston jury convicted Arthur Andersen -- the 89-year-old accounting firm once known as the gold standard of integrity in auditing -- for obstruction of justice in the government's investigation of Enron, Andersen's biggest client. With the demise of Andersen, the American business landscape was forever altered. But something else was altered as well: the scandal surrounding Enron an
Tesco is Britain's favorite supermarket. With 2,000 stores and 15 million customers a week, it's almost twice as big as its nearest rival. Dispatches shows how Tesco could soon become even bigger, and asks if this retail giant is abusing its power.In The Supermarket That's Eating Britain, Ben Laurance pieces together evidence that reveals the true potential of Tesco's expansion plans. In two thi
A documentary film by John Pilger'Global economy' is a modern Orwellian term. On the surface, it is instant financial trading, mobile phones, McDonald's, Starbucks, holidays booked on the net. Beneath this gloss, it is the globalisation of poverty, a world where most human beings never make a phone call and live on less than two dollars a day, where 6,000 children die every day from diarrhea b