DiscoverAn Essay on Economic Theory3.7. Further Explanations and Enquiries as to the Utility of a National Bank
3.7. Further Explanations and Enquiries as to the Utility of a National Bank

3.7. Further Explanations and Enquiries as to the Utility of a National Bank

Update: 2014-12-01
Share

Description

National Banks are of little utility and can be the source of economic chaos. The increase in the supply of money that they provide is relatively small and offers the same disadvantages as increases in real money. They are therefore unnecessary and potentially very harmful, as in the cases of the Bank of Venice and the Bank of London. The roles of legal tender laws, fractional reserve banking, and regional trade fairs are described.

From Part 3: International Trade and Business Cycles. Narrated by Millian Quinteros.

Comments 
00:00
00:00
1.0x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

3.7. Further Explanations and Enquiries as to the Utility of a National Bank

3.7. Further Explanations and Enquiries as to the Utility of a National Bank

Richard Cantillon