Ep4: Part III - Creation of Federal Reserve system - A Historical Perspective

We shall continue with the series on evolution of money, monetary theory, and the implications of government regulations causing the frailty in the economy we have faced in the last century. In this final episode of our discussion with Prof. Lewin, we ask him about the origins of most of the problems we face today in terms of large public and private debt and the loose monetary and fiscal policies. But before we go ahead, I highly recommend everyone to listen to the previous two episodes on the evolution of money and why does the government monopolize money to give you a better understanding and the continuity on the money trail.