Watch Money for Nothing: Inside the Federal Reserve
- 1 hr 44 min
Money for Nothing: Inside the Federal Reserve is a documentary film that takes the viewer on a journey through the history of the Federal Reserve, from its inception over a century ago to present day. The film explores the role that the Fed has played in the American economy and how it has evolved over time. Narrated by Liev Schreiber, the film features interviews with a variety of experts, including former Fed chairman Paul Volcker and current chair Janet Yellen. Through these interviews, the film provides an in-depth look at how the Fed operates and the decisions it makes to manage the economy. The film begins with a brief history of the Federal Reserve, including how it was created in the wake of the Panic of 1907. From there, the film looks at the pivotal moments in the Fed's history, including the Great Depression, the stagflation of the 1970s, and the recent financial crisis. One of the key themes of the film is the tension that exists between the Fed's two mandates: to keep inflation under control and to promote full employment. The film explores how the Fed has struggled to balance these two objectives over the years and how its policies have affected the lives of ordinary Americans. The film also looks at the role that politics plays in the Fed's decision-making process, particularly in recent years. The film examines how the Fed came under attack from both the left and the right during the financial crisis and how it has responded to these criticisms. Another major topic that the film explores is the question of whether the Fed should be more transparent in its decision-making. The film examines the arguments for and against greater transparency and looks at how the Fed has evolved in this regard over the years. Throughout the film, there are a number of striking visuals that help to illustrate the points being made. For example, there are animations that show how the Fed's balance sheet has grown over time, and there are graphs and charts that help to explain the complexities of monetary policy. Overall, Money for Nothing: Inside the Federal Reserve is a thought-provoking documentary that provides an insider's view of one of the most important institutions in the American economy. The film does an excellent job of explaining the complexities of monetary policy in a way that is accessible and engaging for viewers of all levels of expertise. Whether you're an economics buff or just someone who's curious about how the Fed works, this is a film that's sure to fascinate and inform.