How Healthy Are the Banks?
Greenspan says the banks are in great shape. Frank Shostak, however, notes signs of deterioration.
Greenspan says the banks are in great shape. Frank Shostak, however, notes signs of deterioration.
Sean Corrigan presents The Henry Hazlitt Memorial Lecture at the 2004 Austrian Scholars Conference.
Includes Question and Answer period.
Grant Nülle tells the story of a nation ruined by debt, fiscal profligacy, and paper money—with the IMF and the US as the enabler.
So Greenspan says that Freddie Mac and Fannie Mae are so big and so out of control that they represent a threat to the whole financial system. Well, asks Frank Shostak, just how does Greenspan think they got to be that way? Might it have something to do with a central bank that guarantees the life of not only these two institutions but every bank in the US?
Steeped in American history and Austrian economics, this extraordinary film is the clearest, most compelling explanation ever offered of the Fed, and why curbing it must be our first priority.
Recorded at the 2003 Supporters Summit: Prosperty, War, and Depression.
(26:24)
Recorded at the 2003 Supporters Summit: Prosperty, War, and Depression.
(24:29)