Anyone who is interested in understanding the composition of our economy and the fiat currency system should watch this video. I’ve never come across such a clear and succinct presentation of this material. You may not agree with all of the opinions expressed, but the explanation of our currency system and how the Federal Reserve fits into it is accurate. I worked at a financial institution for almost four years and never came to a full understanding of the Fed’s role and activities.
Fair warning, it is 45 minutes long, but well worth your time, in my opinion.
On the recommendation of my friend, Jordan, I also viewed Money as Debt, and find it to be a great companion to the video above. The first video focuses on the origins and roles of the federal reserve, while the second gives a summary of how currency evolved and how it is generated in our nation today.