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Federal Reserve, Not Free Market, Caused Crisis says "Money for Nothing" Filmmaker Jim Bruce

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"I view one of the big myths of the 2007-08 financial crisis as that it was purely the effect of free markets, that this is what happens when you have free markets," says Jim Bruce, filmmaker behind the new documentary "Money for Nothing: Inside the Federal Reserve."

Bruce predicted the meltdown, invested accordingly, and used the money he made from the collapse to fund his movie, which features interviews with economists who predicted the crisis, as well as former and current Federal Reserve officials such as Paul Volcker and future Fed Chair Janet Yellen.

Bruce sat down with Reason TV's Zach Weissmueller to discuss the film and his thoughts on current Fed policy, incoming Fed Chair Janet Yellen, the legacy of alleged free marketeer Alan Greenspan, and the future of the U.S. economy and monetary system.

Approximately 9 minutes. Shot by Tracy Oppenheimer, Alex Manning, and Alexis Garcia. Edited by Zach Weissmueller.

Visit http://reason.com/reasontv for downloadable versions and subscribe to Reason TV's YouTube Channel to receive automatic updates when new material goes live.

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federal reserve system (organization)
,
federal reserve
,
end the fed
,
dollar
,
inflation
,
financial bubble
,
financial collapse
,
financial system collapse
,
ben bernanke
,
janet yellen
,
ron paul
,
paul volcker
,
gold standard
,
stock market crash (literature subject)
,
money for nothing: inside the federal reserve
,
jim bruce
,
austrian economics
,
libertarian
,
reason magazine
,
zach weissmueller
,
nick gillespie
,
free market (idea)
,
economy
,
crisis
,
federal reserve note (currency)
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