Rep. Ron Paul sponsored this Congressional lecture on "Why Was the Federal Reserve Created?", the introductory lecture in a three part series on the Federal Reserve System for Congressional staff. As a continuing educational tool this lecture was filmed and is provided to the public. The lecture was delivered by Dr. George Selgin, Professor of Economics at the Terry School of Business at the University of Georgia and author of a number of books on money and banking, such as "Bank Deregulation and Monetary Order" and "Good Money."
Other lectures in the Fed series to follow:
Pt. 2: What Does the Fed Do? -- available late March 2012
Pt. 3: What is the Fed's Future? -- available May 2012