The following interview with economist and Hoover Institution fellow Thomas Sowell is one of the more impactful anti-Federal Reserve videos on the web.

Sowell made three salient points in the interview: 1) The federal government allowed the establishment of the Fed at the behest of elite bankers such as J.P. Morgan. 2) The worst economic crises this nation has faced have been on the Fed’s watch. 3) The Fed doesn’t necessarily have to be replaced with any other institution.

The interview also demonstrated the unfortunate ignorance of the …