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The Truth About Central Banking and Business Cycles

When central banks send the wrong messages to savers and consumers trying to coordinate their plans, boom and bust cycles lengthen and worsen.

Oct 23, 2013 | 0 comments

From the video’s description:

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 https://www.FEE.org/centralbanking.

Scripted, animated, and produced by Steve Patterson. Extremely special thanks to Julia Patterson.

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About the Author

About the Author

I am an independent researcher, journalist, and author dedicated to exposing mainstream propaganda that serves to manufacture consent for criminal government policies.

I write about critically important issues including US foreign policy, economic policy, and so-called "public health" policies.

My books include Obstacle to Peace: The US Role in the Israeli-Palestinian Conflict, Ron Paul vs. Paul Krugman: Austrian vs. Keynesian Economics in the Financial Crisis, and The War on Informed Consent.

To learn more about my mission and core values, visit my About page.

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