In honour of the Debt Ceiling extension, an interesting video by Mike Maloney on the US Federal Reserve

The debt ceiling debate in the United States is over (for a few months, at least) and to we take the opportunity to hilight this video from Mike Maloney discussing the debt based money system and the current version of US Currency: the Federal Reserve note.

We say 'current version' because the United States has gone through a number of different currency's in it's 237 year history.

The current version, the Federal Reserve note, is only 99 years old.

So as the US debt ceiling is raised once again, we bring you this interesting dissertation on the fiat the currently makes up the world's reserve currency.

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