Federal Reserve, Not Free Market, Caused Crisis says "Money for Nothing" Filmmaker Jim Bruce
"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.
Scroll down for downloadable versions and subscribe to Reason TV's YouTube Channel to receive automatic updates when new material goes live.
Hide Comments (0)
Editor's Note: As of February 29, 2024, commenting privileges on reason.com posts are limited to Reason Plus subscribers. Past commenters are grandfathered in for a temporary period. Subscribe here to preserve your ability to comment. Your Reason Plus subscription also gives you an ad-free version of reason.com, along with full access to the digital edition and archives of Reason magazine. We request that comments be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of reason.com or Reason Foundation. We reserve the right to delete any comment and ban commenters for any reason at any time. Comments may only be edited within 5 minutes of posting. Report abuses.
Please
to post commentsMute this user?
Ban this user?
Un-ban this user?
Nuke this user?
Un-nuke this user?
Flag this comment?
Un-flag this comment?