What Causes a Recession or Depression

What causes a recession or depression the answer may surprise you. The boom and bust cycle has been rolling on for centuries now, even though we know what causes it and have the means at our disposal to stop it. Fiat currency creation (fractional reserve banking) creates distortions in the market, made worse by interest rate policies and State interventions in the economy, that result in bubbles of overexpansion. When the situation inevitably destabilizes, these bubbles pop, causing lots of people to lose their jobs. The solution is to stop printing currency, remove the shackles off the economy, and let the market actually do its job for once. This video was edited by Terri Young Videos EVERY Monday at 5pm GMT (depending on season, check for British Summer Time). BIBLIOGRAPHY, SOURCES While I did use several sources for this video, the main one I d recommend is Murray Rothbard s America s Great D