Monday, December 3, 2012

Tavis Smiley and Cornel West take a call about Federal Reserve on C-Span

Markie Oles emails:

I have been expanding my liberty education by understanding all sides of political views, so i started with the left by looking at Tavis Smiley and Cornel West.  There isn't a problem they don't think the government shouldn't be involved in, yet, don't realize the government is the cause of majority of our problems.  

 I nearly fell out of my chair when a caller asked them to make the Federal Reserve a big part of their agenda!  The caller definitely did his homework about who the Fed is and how bad it is for America!  Comparing them to Mob Families was brilliant!

Cornel West said he was not supportive of the Fed because it was 'unaccounted' for, and then quoted William Greider's book 'Secret Temple' as one of the best books written to learn about the Fed, and that the dual mandate is out of whack because the government does nothing to enforce the Fed to live up to the full employment part of it.

I was on my way to EPJ to see if you talked about Secrets of Temple, and bam! 

This Greider fellow is not where I would point people to learn about the Fed.  

Then Tavis Smiley showed he knew nothing about the Fed, so it's hard for me to believe him when he says he cares about poor people when poor people suffer greatly because of Fed driven inflation!

Jump to 18:20 for the Federal Reserve question.  We need to find that caller and send him a link to EPJ so he knows he is not alone!


  1. The title of the book is called "Secrets of the Temple".

    Not "Secret Temple", and not "Secrets of Temple".

  2. Tavis Smiley's pathetic tirade about the need for a jobs bill is misinformed. The government is creating "jobs": any American can sign up for the military to waste hundreds of billions killing innocent people overseas.

    From what I've heard about Greider's book is that it falls far short to explain how the Federal Reserve really operates. Many EPJ readers know that Rothbard's The Case Against the Fed is THE best monograph on the subject. I didn't watch the whole C-SPAN program, but the caller should have recommended that book. Lord knows that neither West or Smiley would probably read it.

  3. Some people on the left are against the Fed because they feel that it doesn't print ENOUGH.