Abolish the Federal Reserve? | Austrian vs. Keynesian Economics

Описание: As the Fed is poised to crash the economy in order to stop the inflation it arguably caused, we ask one simple question: Do we really need a central bank or can the free market work things out?

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0:00 Intro
2:38 What is the Core Role of Central Banking?
5:27 Critiquing a “Lender of Last Resort”
10:11 Deficits & Checks on Private Power
25:29 Free Market Power Distributions
31:10 Economy & the Role of the State
42:00 The Fed’s Report Card
44:35 Changing the Fed’s Mandate
57:29 Free Market Alternatives
1:06:35 Criticisms of Market Solutions
1:13:22 Human Fallibility
1:17:40 Abolishing the Fed
1:20:45 What is Money?
1:27:37 Conclusion