so william jennings brian ran for president. his principal platform, principal plank in his platform was the need to modernize the gold standard. in particular, he wanted to add silver to the metallic system so there would be more money in circulation and more inflation. but he spoke about this in the usual very eloquent way of 19th century orators. he said you shall not press down upon the brow of labor this crown of thorns. you shall not crucify man kind upon a cross of gold. and again, what he was trying to say is that the gold standard is killing honest, hardworking farmers who are trying to make their payments to the bank and find the price of their crops going down over time. so the gold standard also created problems and again was a motivation for the founding of the federal reserve. in 1913, finally, after all the study, congress passed the federal reserve act which established the federal reserve which opened in 1914. there's a picture here which hangs in the fed of president woodrow wilson signing the federal reserve a

in the past when you've seen the public get on the central bankers, if you go back to the william jennings brian era, there wasn't a fed then, but there was monetary policy. if you go back to the '70s, the feds were saying, we want more money, higher farm goods, et cetera, they were angry when the tea party segment of the public, becae you're killing our legacy and so on and the public has been trying for tight money. you would think the public would be happy he was getting us out of a near depression/recession. this is a very curious period. i think no matter which way, though, the pressure is coming from, he's got to sort of insulate himself and go with his gut because -- but that's why the central bank is independent, right? >> we'll have to leave it there. i'm ben bernanke. thanks for sharing those with us? >>> all right, mel burn had this great idea that we should do a hung. >>. >>> up next, the underdiagnosed disease plaguing some of the nation's individuals and how you can help. as a chef we are always committed to our suppliers... you know, those farmers, those foragers, those fishermen.