Happy Friday –
Please check out my review of Money for Nothing: Inside the Federal Reserve, a new and very timely documentary opening today in select theaters. You can read the review in the Washington City Paper, but here’s an excerpt:
As an introductory course in monetary policy, it works. This is an admirably wonky film, but its audience will likely be small; it’s too simplistic for experts but too dry for the masses. The film deftly explains the purpose and powers of the bank, but it never really uncovers what makes the Fed tick. Major shifts in policy—such as when leaders at the Fed decided to start steering the economy instead of simply responding to crises—are offered up without explanation, and the institution remains as mysterious at the end of the film as it was at the beginning.
Here’s a trailer: