Larry White Should We End the Fed video

Larry White says that in order to know the effects of such a measure, we must first understand the role of "the Fed". The Federal Reserve is the central bank of the United States and the institution at the center of the nation's monetary and banking systems. It has five main functions, including controlling monetary policy. Could the United States even survive without the Federal Reserve? In order to answer this question, Professor White examines countries throughout history that did not have an established central bank, including Scotland, Sweden, Switzerland, and Canada. Hong Kong, he points out, still does not have one. So who performs the functions of a central bank in these countries?

2013-08-07T18:08:09+00:00
Duración: 04:55