"Any time you give unlimited capacity to print money, then the government's going to grow," says filmmaker Tad Lumpkin.
Lumpkin created the animated feature The American Dream, which is available on YouTube, to explain U.S. monetary policy and its consequences in a way that would be accessible to a mass audience. Although some in the media, and at the Federal Reserve, blame a lack of regulation for the financial crisis, Lumpkin argues that the Fed itself is the primary cause for the collapse of the housing sector.
Lumpkin sat down with Reason.tv's Tim Cavanaugh to discuss the folly of central banking, why Ron Paul is an important political force, and why it's time to end the Fed.
Shot by Zach Weissmueller, Hawk Jensen, and Alex Manning. Edited by Weissmueller.
Approximately 9:40 minutes.
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