Does the Federal Reserve suck? Murray Sabrin thinks so and explains why.

The Federal Reserve is one of the most important -- and controversial -- institutions in America today. Murray Sabrin, a finance professor at New Jersey's Ramapo College, is one of our time's most prominent libertarian academics. His upcoming book, 'Why the Federal Reserve Sucks: It Causes Inflation, Recessions, Bubbles and Enriches the One Percent,' makes the case that America needs no central banking system. On this episode of 'Cotto/Gottfried,' Sabrin explains his views and addresses the volatile nature of our economy.