Money for Nothing: Inside the Federal Reserve
CAM Bob Richman
EDS Jim Bruce, Jared Rosenberg
MUS Nora Kroll-Rosenbaum
PROD CO Liberty Street Films
Jim Bruce’s lucid and highly engaging account of how we got into financial crisis takes a broad historical view and organizes a vast range of material and interviews with many of the key players to ask why so many facets of our financial system seemed to self-destruct at the same time.
Current and former Fed officials—including former chair Paul Volcker and current vice-chair Janet Yellen—join a wide range of top economists and historians to speak frankly about their roles and warn of dangers ahead. As the economic system continues to falter, the choices the Fed makes will greatly influence the kind of world our children and grandchildren inherit. Will “quantitative easing” bring unexpected and unintended consequences? Can the Federal Reserve steer our economy toward a more sustainable path? How can citizens influence an institution whose inner workings they may not understand? Bruce’s cogent work goes a long way towards facilitating that understanding with the hope that, in the words of the filmmakers, "a fully and accurately informed public will promote greater accountability and more effective policies."
"Starting with the panic of 1907 and ending with the risks on the horizon of today’s quantitative-easing quagmire, Money for Nothing… dramatically and entertainingly reveals the Fed’s ongoing reluctance to shed old ideas. The movie is filled with wonderful narrative and fascinating images that capture the world of finance throughout the 20th century."—The Street.com