just watched it have a comments:

1. the fed can issue more debt than the economy can ever generate or repay. bad.
2. dollars are debt. they aren't acually cash. cash isn't a debt. explaining is hard. anyhow this is clear 2 me.
3. politicians don't care about freedom, only the cost of it.
4. americans deserve what they get. stupid fucks can't tell when banks sell them into slavery or not.
5. When the dollar is dead, we'll have a global currency and all the democracy in the world won't matter as we'll all be just food to feed the global debt machine.
6. don't invest in gold. gold stocks have been issuing fraudulent paper, there's lots of bad paper out there.

How silly.

What economic issue is it that this video is claiming is the Fed's fault?

Income inequality? Good argument for a more progressive tax, and a larger system of social welfare.

Fraud? Good argument for a strong regulatory regime for banks, and a Fed chair who's got a basic mistrust of corporate greed.

Inflation? Maybe, but it seems like low, constant inflation is a good thing in everyone's theory of macroeconomics, and a central bank is a key tool for keeping your inflation where you want it.

Unemployment? Maybe, but again, fixing your money supply to some constant (e.g. pegged to the dollar, or the dollar pegged to gold) takes a big tool for managing unemployment out of your toolbox.

Mostly though, people need to remember that all money is ultimately fake.

Gold is just as worthless as paper money -- you can't eat it, you can't smoke it, you can't drink it, you can't even use it as a raw material for anything useful unless you're a jeweler, a dentist, or a semiconductor fabricator (and even then, you really should use something more common like copper or tin).

Money is a consensual hallucination meant to keep us all working. I'm really, really sorry if you reached adult age thinking that stuffing cash into your mattress was the route to riches.

Rich people understand that cash is intrinsically worthless. It's why they invest, rather than build giant Scrooge McDuck-style money bins full of coins.

All money is the same, whether it's in the form of stamped $20 gold coins, promissory notes (i.e. a green piece of paper that says "this $20 bill can be redeemed for an ounce of gold at the US treasury office"), or fiat currency, it's only worth whatever you can buy with $20.

Part of basic financial literacy is understanding that the overall trend is for prices to go up, and therefore that if you aren't getting a raise equal to or greater than the inflation rate every year, you're taking a pay cut.

Which is a good argument for unionizing, even if you're a salaried professional...

@NetRunner

I only upvoted because you referenced Scrooge McDuck's awesome money silo.

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