What does the report suggest as the solution to combating chronic inflation and the boom/burst of the business cycle?

Watch and summarize the video on Money, Banking and the Federal Reserve. At the minimum, your summary should include: introduction; operational functions of the Federal reserve; linkage between monetary system system and economic performance (do you agree with the reporters comments on monetary system); history of money, including the GOLD standard; President Lyndon johnson’s guns and butter concept and its effect on the economy, and any other thoughts that you find interesting from the video. Lastly, what does the report suggest as the solution to combating chronic inflation and the boom/burst of the business cycle?

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