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Why Do We Need a Central Bank?
Alan Greenspan addresses the question, 'Why do we need a central bank?' in a FOX Business interview.
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Since this was the first video I'd ever produced, it was something of an experiment in my own learning. While I certainly didn't intend for my meager creative effort to annoy anyone . . . whether the music serves any purpose or not, is debatable. Except for Ron Paul's passing mention of it, I assumed the original clip would otherwise receive little attention from the public.
The Depression is part linked with a fall of new loans, since it's part of the monetary theory of creating more money. Before it was in play there was no limits. Please read -all- the facts before forming an opinion. I think it is fair.
First, 'debt' and 'money' are not synonymous (the same thing). 'Money' or 'currency' is a representation of 'value'. Contrastingly, responsible economics can effectively utilize 'debt' to facilitate production.
Richard C. Cook has posed alternatives to current improprieties in recent discussions of C.H. Douglas.
In fact, I'd strongly recommend taking the time to visit and familiarize one's self with the Mises Institute's online library. It represents a vast storehouse of material and resources on the subject.