Why Do We Have Central Banks?

Now that we have discussed fiscal and monetary policy, we are ready to talk about central banks. What are they and why do they exist? What is the Federal Reserve System and what does it do? Let's get a brief introduction to this topic.

Script by Matt Beat: iammrbeat
Animation by Ignacio Triana: unraveled

Watch the whole Economics playlist: http://bit.ly/ProfDaveEcon

Mathematics Tutorials: http://bit.ly/ProfDaveMath
American History Tutorials: http://bit.ly/ProfDaveAmericanHistory
History of Drugs Videos: http://bit.ly/ProfDaveHistoryDrugs
General Chemistry Tutorials: http://bit.ly/ProfDaveGenChem
Classical Physics Tutorials: http://bit.ly/ProfDavePhysics1

EMAIL► [email protected]
PATREON► Patreon: ProfessorDaveExplains

Check out "Is This Wi-Fi Organic?", my book on disarming pseudoscience!
Amazon: https://amzn.to/2HtNpVH
Bookshop: https://bit.ly/39cKADM
Barnes and Noble: https://bit.ly/3pUjmrn
Book Depository: http://bit.ly/3aOVDlT

• #education
• #central_banks
• #federal_reserve_system
• #monetary_policy
• #economics
• #panic_of_1837
• #inflation