Mr. Grant also bridges the gap between the lectures on the pre-Fed era and the Fed's future by describing the evolution of the Fed over its one hundred year history.
Rep. Ron Paul sponsored this Congressional lecture on "What Does the Fed Do?", the second lecture in a three part series on the Federal Reserve System for Congressional staff. As a continuing educational tool this lecture was filmed and is provided to the public. The lecture was delivered by James Grant, founder and editor of Grant's Interest Rate Observer and a frequent commentator on financial news networks.
Other lectures in the Fed series:
Pt. 1: Why Was the Fed Created? -- http://youtu.be/kkpgJ1g-I-8
Pt. 3: What is the Fed's Future? -- http://youtu.be/IdX60JgPTmA
Related: Ron Paul Money Lecture Series
Pt. 1: "What is Money" -- http://youtu.be/nNZLR7xMI7Y
Pt. 2: "What is Constitutional Money?" -- http://youtu.be/YR5fgY3oa7c
Pt. 3: "What About Money Causes Economic Crises?" -- http://youtu.be/EaEQC-RDrMs
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