What is the purpose of central banking?

“What is the purpose of central banking?”

The term “central banking” gets thrown around in libertarian circles so much that it’s easy to lose sight of it’s actual purpose. In this episode of the Faith Seeking Freedom podcast, Dr. Norman Horn offers a clear and succinct explanation of central banking, detailing its history, motives, and effects. Whether you’re new to the Austrian business cycle theory or simply want a refresher, this episode is for you.

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