Peter Schiff - The Fed Unspun: The Other Side of the Story

"Ben Bernake fancies himself as a student of the Great Depression," says renowned investment broker, global strategist, author, and Austrian economist Peter Schiff, "but... if he were my student he would have gotten an F."

During a lecture entitled "The Fed Unspun: The Other Side of the Story", Schiff responded to Bernake's recent four-part college lecture series, rebutting many of the Federal Reserve Chairman's claims about the cause of the housing crisis, the role of the Federal Reserve, the value of the gold standard, and more.

Cosponsored by the FreedomWorks Foundation and hosted at Reason Foundation's DC office on March 29, 2012, the lecture was followed by a lively Q&A with the assembled audience, including students who attended Bernanke's George Washington University lectures.

Shot by Meredith Bragg and Jim Epstein. Edited by Swain. Additional help from Anthony Fisher.

Approximately 1 hour and 26 minutes long.

Go to Reason.tv for downloadable versions of this video and subscribe to Reason.tv's YouTube channel to receive automatic notification when new material goes live.

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  News & Politics

[MrLibertarian94]

Seriously? Paulbots and Schiffbots? God forbid people want to learn more about two great men who actually make good arguments.

[TWSceptic]

Yes it IS rock solid and you are wrong.

[wtong89]

You do know that Austrian school was influenced by classical economics, which they said that people are rational and self interest are natural. Because people are rational, government is not needed.

I critcize all economic theories and acknowledge their contribution to explain economics.

Which is why i said Austrian school is good at predicting crises but provide no plausible solution to solving it.

Universities dont brain wash you, the professors teach you all the theories and you decide.

[TWSceptic]

Of course I studied economics. Not in some university where they brainwash you with BS, but at home, reading many books, watching many lectures. Actually learning reality instead of BS formulas.

"Austrian school assumes competition, which is practicially non existent in todays market."

Austrian school teaches that free markets work because they self regulate. What we have now is not a free market. yes Austrian economists tend to be the best at predicting the future. Why is that do you think?

[George Doughty]

Keep worshiping the hammer & sickle. We who understand what Schiff is saying will need fools like you to get wiped out financially so the economy can recover after the bad ending we're about to live through. Better you than me. Good luck.

[mellowman1001]

Shut up! You're welcome.

[Christopher St. John]

can someone tell the guy at the end to shutup!

[uwmbigb]

Damn Schiff goes in on Bernanke I love it!

[wtong89]

If you studied economics at all, you would know that all economic theories has their flaws because each theory assumes the market is competitive, monopoly, monopolist or an oligpoly. Austrian school assumes competition, which is practicially non existent in todays market.

[DanGRtheMan]

KOCHBOT SCHIFFBOT NO BRAIN TO THINK HIMSELF APART FROM THE ONE THE KOCH BROTHER'S GIVE HIM

[DanGRtheMan]

Tea Party flag Lol. Did you know Big Tobacco firm Phillip Morris and the Koch's crafted the concept of the Tea Party 20 YEARS ago? You are a Koch Bot, as well as a PaulSchiffBot. Memo from Phillip Morris to David Koch; "Grounded in the theme of 'The New American Tax Revolution' or 'The New Boston Tea Party,' the campaign should take the form of citizens mobilized with signage and other attention-drawing accoutrements such as lapel buttons, costumes." The Koch's bought USTeaParty_ com in 2002 LOL