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.
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