Opening September 6, 2013: Money For Nothing takes viewers inside the most powerful - and least understood - financial institution on Earth: the Federal Reserve.
The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else."
- John Maynard Keynes (1936)
MONEY FOR NOTHING is a feature-length documentary about the Federal Reserve - made by a Team of AFI, Sundance, and Academy Award winners – that seeks to unveil America’s central bank and its impact on our economy and our society.
Current and former top economists, financial historians, and investors and traders provide unprecedented access and take viewers behind the curtain to debate the future of the world’s most powerful financial institution.
Digging beneath the surface of the 2008 crisis, Money For Nothing is the first film to ask why so many facets of our financial system seemed to self-destruct at the same time. For many economists and senior Fed officials, the answer is clear: the same Fed that put out 2008’s raging financial fire actually helped light the match years before.
As the global financial system continues to falter, the Federal Reserve finds itself at a crossroads. The choices it makes will greatly influence the kind of world our children and grandchildren inherit. How can the Federal Reserve steer our nation toward a more sustainable path? How can the American people – who the Fed was created to serve - influence an institution whose inner workings they may not understand?
The key tenet underlying Money For Nothing is our belief that a more fully and accurately informed public will promote greater accountability and more effective policies from our central bank - no matter the conclusions any individual draws from the film.
100 years after its creation, the power of the Federal Reserve has never been greater. Markets around the world hold their breath in anticipation of the Fed Chairman’s every word. Yet the average American knows very little about the most powerful financial institution on earth.
Narrated by acclaimed actor Liev Schreiber, Money For Nothing: Inside The Federal Reserve is the first film to take viewers inside America’s central bank and reveal the impact of Fed policies – past, present and future – on our lives. As Ben Bernanke’s tumultuous tenure comes to a close, join Paul Volcker, Janet Yellen, and many of the world’s best financial minds as they debate the decisions that led the global economy to the brink of collapse and ask whether we might be headed there again.
For more on the Global Financial Crisis, please register for our October 23 lecture with CIGI Senior Fellow Paul Blustein.
Rohinton P. Medhora is president of the Centre for International Governance Innovation (CIGI), joining in 2012. Previously, he was vice president of programs at Canada’s International Development Research Centre. He received his doctorate in economics in 1988 from the University of Toronto, where he subsequently taught. His fields of expertise are monetary and trade policy, international economic relations and development economics.