For the Discussion topics, please use the space provided and do not attach documents containing your words. If you have a picture or graphic that is relevant, then you can attach that. There are three parts to this discussion board assignment: 1. Watch the video after reading the chapter. 2. Answer the 8 questions listed. 3. Discuss a one of the lines listed from the video and in your response posts, respond to students who picked a different statement than you. PART 1: After reading Chapter 14 in your text, watch the following video (if you cannot get the videos to come up, cut and paste the link into a new window of your browser): The Fed: Can it be Trusted (https://youtu.be/ITZ3BERq0L0) PART 2: Answer the first 8 questions below and pick ONE of the statements in the "discuss" section following the questions: 1. What is the Federal Reserve? What was its original mission? What mission was later added by Congress? 2. According to the video, how did the Fed cause the Great Depression? 3. There was a scene with President Nixon saying that the Treasury was going to suspend the convertibility of the dollar into gold. What did he mean? 4. Why might the government print money to spend rather than raise taxes? 5. John Stossel points out that the Fed has spent almost $4 trillion to stimulate the economy over the past few years. What was the technique called? 6. At one point in the video, there is a video clip from The Daily Show in which Fed Chairman Ben Bernanke said that the Fed was not printing money. Then he said that the Fed wasn't spending tax money, that what they were doing was "more akin to printing money." When the reporter said, "You've been printing money," Bernanke said, "Well, effectively." Why the unwillingness to be straightforward? Do you think people have a problem with money being created out of thin air? Why/Why not? 7. Who might be hurt by inflation? Who might be helped by it? 8. At the beginning of the video, John Stossel said that the Fed is important because it can destroy our savings and affect whether we have a job in the future. How can the Fed affect our savings? How can it affect the availability of jobs