Hallo all, I am searching for a good, authoritative resource (ideally an article, or a part of a book) explaining in detail the workings of the Federal Reserve in the banking system - how it sets the interest rates and otherwise regulates and influences the banks and in the end the 'money supply', in its various definitions, where the money flows, etc. Here is a good resource on how Fed interacts with the state debt - I'm looking for something in a similar level of detail on the other side of the equation.
Mises Wiki | Economic Resources and Books (search engine)
You mean a doc like this?
Modern Money Mechanics
or
The Case Against The Fed
bearing01: You mean a doc like this? Modern Money Mechanics or The Case Against The Fed
Yeah, something like that! I was aware of Rothbard's Case, but didn't know the other one, lots of juicy detail. Any chance of a smaller document or article on the matter being around? Time preference (i.e. laziness) is hard to overcome.
I don't know how brief or introductory you want the information. If just starting out you can go to Chris Martenson's site and do his crash course. Do chapters 6 to 10. You should be able to do it in one night.
http://www.chrismartenson.com/crashcourse
If you're new to this then chances are you will want to do his entire crash course.
bearing01:I don't know how brief or introductory you want the information. If just starting out you can go to Chris Martenson's site and do his crash course. Do chapters 6 to 10. You should be able to do it in one night. http://www.chrismartenson.com/crashcourse If you're new to this then chances are you will want to do his entire crash course.
Very interesting I must say. Doesn't cover what I want, and there's some debatable definitions and concepts he uses, but his heart seems to be in the right place. In Chapter 6 is mentioned a pretty cool number: 3,800 past examples of paper currencies that no longer exist. Does anyone know where this comes from?
In the end, I'll probably take bearing01's recommendation. Would love to have something shorter, but Rothbard's Case should do it. Thanks!
There's these videos I linked today, put out by the Fed. Go to Youtube and check out their channel.
http://mises.org/Community/forums/t/14793.aspx
The Creature from Jekyll Island is one of the best sources on the Federal Reserve System.
These documents are way way out of date. The way that banking works is changing all the time. I don't know of any place that maintains an up to date explanation of how it all works. If you find one please tell me about it.
To get an insight in to just how out of date and or just plain wrong both these recommended articles are, I would read *all* the articles on this blog:
http://www.cargocultist.com/
What Went Wrong with Economics
mickanomics:These documents are way way out of date. The way that banking works is changing all the time. I don't know of any place that maintains an up to date explanation of how it all works. If you find one please tell me about it. To get an insight in to just how out of date and or just plain wrong both these recommended articles are, I would read *all* the articles on this blog: http://www.cargocultist.com/
You do have a point, Mister. The documents are pretty useful in understanding the basics and the past, but a more current document about the present would be useful. The search continues!