Where can I find answers to questions on banking and the FED?

I have become very interested in banking, finance, fiat currency and more specifically exactly how the FED works. I am about 2/3 of the way through Murray Rothbard’s The Mystery of Banking and am finding that I have lots of questions and no one to answer them! I had previously heard of the Ludwig von Mises Institute and I noticed that the book is published by the institute, so I figure I’ll look here.

 

Is anyone on here into this topic as well?

 

Can someone suggest additional resources and/or sources?

 

Thanks!

 

Hannah   

Hannah,

If you'd like to get an understanding how how to FED functions, I'd suggest you visit KHANACADEMY.ORG and watch his videos under the FINANCE section. He goes into everything you need to know. You will learn all the processes and steps the government, fed, and others take.

Cheers,

 

Pierre

If you want to deep study these theme (money, banking economic cycles) - then read, at first, Menger - Principles of economics (chapter 8).
Mises: Human Action chapter XVI-XX (it will be far better if you read all book)
Rothbard: What has government done to our money
Hayek: Prices and production
De Soto Jesus Huerta: Money, bank credit and economic sycles.
Hoppe: "How is fiat money possible?", "Against fiduciary media".
Additional reading:
Bem Baverk: "Capita and interest."

 If you want something less scientifical and less complicated - watch "Money, banking, economic sycles"., read Rothbard's "Case against FED". May be Rothbard's "History of money and banking in USA", some chapter's from Haslit - economy in one lesson.

Arteom Korotchenya

Hi Hannah, try the folowing link Money,Banking and the Federal Reserve. It is a documentary produced by the Austrians School, if you have further question feel free to contact me at lapaturtle44@yahoo.com

http://www.youtube.com/watch?v=iYZM58dulPE

 

Thank you for your interest in the Austrian School.

Thanks for the ideas guys! Khanacademy.org is an amazing site! I’ve been sending the link to all my friends. I work in real estate and I think his videos on housing are spot on, and I got a great buy vs rent Excel spread sheet from the site. I’m working my way through his finance videos and I may brush up on my statistics while I’m at it! Thanks for the link Matt, very interesting. I was having a conversation with my husband the other day and he was on a rant about how one income is not enough to live a nice middle class life and he was blaming inflation. It was very interesting to see the video basically repeat what he was saying in the first 5 min. Artemon have you read all those books? If so, wow, good work! I feel I have a decent understanding of fiat currency and fractional reserve banking, etc and I’m looking for the details at this point. Particularly I’m having a hard time wrapping my head around how exactly open market operations expands and contracts the money supply. Doesn’t buying a pre existing bond take money out of the system? I mean the Bank had to spend money to get it…….I think I’ll re-read that chapter in Rothbard and I’ll try Menger or Mises next as I haven’t read anything from them yet. Again thanks for the suggestions and links, most appreciated.

They actually sell a DVD at the online store here too :)