Dr. Vieira - The Evolution of the Federal Reserve

Episode • Jul 12, 2020 • 2h 53m

In this episode, Brad taps Dr. Edwin Vieira to talk about the history and current status of the Federal Reserve System. Dr. Vieira is a Harvard lawyer, monetary historian, and the author of Pieces of 8, a book analyzing the evolution of the present monetary system and the court processes that led us here. As someone who's had a front seat to some of these events, Dr. Vieira has many insights to share. He and Brad talk about the concept of sound money, what really constitutes 'lawful money', and the federal reserve system, as well as Congress's role over the years in upholding today's flawed financial system. Tune for these topics and more.

Timestamps

00:00:00 - Brad on his book, introducing Dr. Vieira

00:13:21 - What really is 'lawful money' after all?

00:30:30 - Why did Americans accept executive order 1602?

00:34:55 - Did everybody really obey the order?

00:44:09 - Current world's debt vs the 1930's and 1940's debt

01:01:00 - Spirited discussion on what's legal tender

01:11:24 - Can Congress change the Federal Reserve Act?

01:23:02 - On Russia and China creating a gold-backed global reserve currency

01:30:30 - What's behind the explosion of economic growth in recent years?

01:39:24 - When people lose jobs due to automation

01:53:03 - Will it be deflation, hyperinflation, and stagflation in a few years?