In rebuttal, EconomicPolicyJournal.com is launching the End the Fed video contest.
Here are the rules for our contest that are the same as those of the St. Louis Fed:
As an individual or as part of a team, you may submit a video(s).The contest runs until April 18, 2011. The winner will be announced in May.Here are the differences:
The St. Louis Fed contest is for videos that discuss central banks in general. At EPJ, feel free to discuss ending only the Federal Reserve, or ending all central banks.
At the St. Louis Fed, the videos must be geared to a high school-aged audience. We at EPJ believe that there is so much confusion about the Fed, and central banking, that people of all ages need to be informed, so aim your video at any age group you choose.
The St. Louis Fed has an age restriction for submitting a video. At EPJ, we believe that if you have the capablity to submit a video, you can do so, regardless of your age.
The St. Louis Fed limits all videos to 5 minutes, at EPJ we say go ahead and use the entire 10 minutes you tube gives you, if you want.
The St Louis Fed awards a series of prizes, the first one being a $1,000 face value U.S. Savings bond, that will be worth when you receive it only $500 and won't be redeemable at $1,000 for 17 years (Good luck inflation wise with that).
Our award only goes to the top prize winner, but it will be a one ounce gold coin (currently worth approx. $1400). You will be able to sell it immediately for its full value, if you choose, or hold as it protects you against Fed created inflation.
To receive your registration package, email: EndTheFed@economicpolicyjournal.com