16 October 2013 Foundation for Economic Education Education
Just because we've had a system of central banking for 100 years doesn't mean we ought to. In fact, it's starting to look like central banks do more harm than good. From obscuring the true cost of credit to causing confusion about good investments, central bankers end up papering over economic problems. And when they send the wrong messages to savers and consumers trying to coordinate their plans, boom and bust cycles lengthen and worsen.
Learn more about the problems central banking causes at http://www.FEE.org/centralbanking.
Scripted, animated, and produced by Steve Patterson. Extremely special thanks to Julia Patterson.
You can now watch this video with Portuguese subtitles thanks to Portal Libertarianismo. Click here to watch with Portuguese subtitles: https://www.youtube.com/watch?v=M943aTh4kas