Youtor
Free Banking and the Fed OCON 2014
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=wXQ-W_DlI3c
The record of past free banking systems, in which paper currency consisted of competitively supplied banknotes, contradicts the widespread belief that central banks play an essential part in promoting financial stability. Instead, both that record and theoretical inquiries concerning how free banking arrangements regulate the money supply suggest that central banks, far from being bulwarks of financial stability, are inherently destabilizing. In particular, a free banking reform might have proven far more effective than the Federal Reserve Act in preventing U.S. financial crises. • Recorded live on July 2, 2014, at Objectivist Summer Conference 2014 in Las Vegas, Nevada. • --- • Subscribe to our YouTube channel: / @aynrandinstitute • ARI offers educational experiences, based on Ayn Rand's books and ideas, to a variety of audiences, including students, educators, policymakers and lifelong learners. ARI also engages in research and advocacy efforts, applying Rand's ideas to current issues and seeking to promote her philosophical principles of reason, rational self-interest and laissez-faire capitalism. • We invite you to explore how Ayn Rand viewed the world — and to consider the distinctive insights offered by ARI's experts today. • • Subscribe to ARI's YouTube channel: / @aynrandinstitute • Explore ARI: http://www.AynRand.org • Follow ARI on Twitter: / aynrandinst • Like ARI on Facebook: / aynrandinstitute
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