A reserve bank
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A reserve bank

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    Lasu Charles D.
    DE
    Lasu Charles D.

    Enjoyable course content

    Rajab K.
    BH
    Rajab K.

    I don't think the central bank prevents bank runs.what if both banks need more than their reserve ratios

    Joseph A.
    US
    Joseph A.

    The US Federal Reserve is not a bank, has no reserves and is not Federal. It is a private institution and its share holders remain secret. Why? Is there a conflict of interest? Second, it has a monopoly over the currency. Why is this a potential issue? Isn't money supposed to be a commodity? Aren't commodities tangible assets? Third, shouldn't there be competition between currencies in a free market? An economy cannot be free if there is a monopoly on its money, which is controlled by the FED in this case and which has been instituted by the US government. Lastly, it is easy to print money more frequently when it is not backed by a tangible asset. This is key, since additional printing of the currency devalues the currency for those who hold the currency. Your time and energy when into that currency and the FED has stolen part of its value from you, i.e., negating your time and energy.

    Melvin L.
    LR
    Melvin L.

    This is a very pleasant topic, Clearly understands how all these banks work and I think I also understands why sometimes most of the banks in my country system is down.

    Risqot M.
    EG
    Risqot M.

    Interesting

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