I’m utterly envious at how this video has gone viral, but I have to admit that it is quite clever. I don’t think my flat tax videos, for instance, have quite the same flair. In any event, one imagines “the Ben Bernank” is probably not happy about this production.
If you really want to understand the Federal Reserve’s shortcomings, however, you should read this new Cato Institute working paper. Here’s the abstract.
As the one-hundredth anniversary of the 1913 Federal Reserve Act approaches, we assess whether the nation‘s experiment with the Federal Reserve has been a success or a failure. Drawing on a wide range of recent empirical research, we find the following: (1) The Fed‘s full history (1914 to present) has been characterized by more rather than fewer symptoms of monetary and macroeconomic instability than the decades leading to the Fed‘s establishment. (2) While the Fed‘s performance has undoubtedly improved since World War II, even its postwar performance has not clearly surpassed that of its undoubtedly flawed predecessor, the National Banking system, before World War I. (3) Some proposed alternative arrangements might plausibly do better than the Fed as presently constituted. We conclude that the need for a systematic exploration of alternatives to the established monetary system is as pressing today as it was a century ago.
[...] the world’s experts on competing currencies. This video is 1,000-times more substantive than the famous “QE2″ video I posted last month. Fed bashing is fun, but watch this if you want to understand economics and [...]
[...] the same technology as the famous QE2 video, Mark pokes big holes in the feminist argument that cultural bias is responsible for differences in [...]
[...] the same technology as the famous QE2 video, Mark pokes big holes in the feminist argument that cultural bias is responsible for differences in [...]
[...] such a swell guy, but you already would know that if you saw his Facebook page. Well, thanks to his “QE2 plan,” he’s giving the rest of us a very thoughtful Christmas [...]
[...] such a swell guy, but you already would know that if you saw his Facebook page. Well, thanks to his “QE2 plan,” he’s giving the rest of us a very thoughtful Christmas [...]
[...] 21, 2011 by Dan Mitchell I’m not a big fan of central banks, and I definitely don’t like multilateral bureaucracies, so I almost feel guilty about [...]
[...] not a big fan of central banks, and I definitely don’t like multilateral bureaucracies, so I almost feel guilty about [...]
[...] not a big fan of central banks, and I definitely don’t like multilateral bureaucracies, so I almost feel guilty about [...]
[...] 21, 2011 by Dan Mitchell I’m not a big fan of central banks, and I definitely don’t like multilateral bureaucracies, so I almost feel guilty about [...]
[...] not a big fan of central banks, and I definitely don’t like multilateral bureaucracies, so I almost feel guilty about [...]
[...] not a big fan of central banks, and I definitely don’t like multilateral bureaucracies, so I almost feel guilty about [...]
[...] President was wrong, but that wouldn’t be much fun. I’d much rather copy the guy who did the famous QE2 video and have some [...]
[...] why the President was wrong, but that wouldn’t be much fun. I’d much rather copy the guy who did the famous QE2 video and have some [...]
[...] President was wrong, but that wouldn’t be much fun. I’d much rather copy the guy who did the famous QE2 video and have some [...]
[...] President was wrong, but that wouldn’t be much fun. I’d much rather copy the guy who did the famous QE2 video and have some [...]
[...] why the President was wrong, but that wouldn’t be much fun. I’d much rather copy the guy who did the famous QE2 video and have some [...]
[...] Addendum: Welcome, Instapundit readers. Since this is a depressing topic, you can see some Federal Reserve humor here, here, and here. [...]
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[...] big-government policies of the Washington establishment (he also is getting lots of criticism for QE2 and other monetary policy actions, but let’s give Bernanke the benefit of the doubt and assume [...]
[...] If you find it even remotely interesting and/or amusing, then you definitely should watch the famous Ben-Bernank-quantitative-easing video. [...]
[...] I can’t resist including a link to the famous “Ben Bernank” QE2 video that was a viral smash. LD_AddCustomAttr("AdOpt", "1"); LD_AddCustomAttr("Origin", "other"); [...]
[...] I can’t resist including a link to the famous “Ben Bernank” QE2 video that was a viral smash. Daniel J. Mitchell • September 22, 2011 @ 9:04 am [...]
[...] Mitchell has spotted the extraodinary idea that even the European Central Bank gets it,I’m not a big fan of central banks, and I definitely don’t like multilateral bureaucracies, so I almost feel guilty about [...]
[...] video (she also narrated this video on the third-party payer problem), and here’s the famous “Ben Bernank” video. Rate this:Share this:PrintEmailFacebookTwitterMoredeliciousDiggFarkLinkedInRedditStumbleUponLike [...]
[...] publicized special Federal Reserve toilet paper, Ben Bernanke’s hacked Facebook page, and the famous “Ben Bernank” video, you will understand why I think this t-shirt is quite [...]
[...] P.P.S. If you want some Fed humor, we have a Who-is-Ben-Bernanke t-shirt, this Fed song parody, some special Federal Reserve toilet paper, Ben Bernanke’s hacked Facebook page, and the famous “Ben Bernank” video. [...]
[...] In the past, I’ve shared Federal Reserve humor, including this special Fed toilet paper, Ben Bernanke’s hacked Facebook page, the Bernanke-who-stole-Christmas image, a t-shirt celebrating the Fed Chairman, and the famous “Ben Bernank” video. [...]