Free banking or private currency existed historically around the world and is emerging again in the form of currency. This video looks at the theoretical foundations of free money which can be extrapolated to and understanding of free banking. https://political-economy.com/ Since money is a commodity, it obeys the laws of supply and demand. Its value is based on its 1) limited quantity and 2) its utility or function. It will have value if people find it useful. Money's primary function is a medium of exchange. The more it gains acceptance the more confidence people have in it. If any currency issued, by a private person, bank or government legal tender functions as this successfully it will have value. This applies if it is virtual or tangible. If the supply is limited and people demand it will retain value. If a central bank excessively prints money or lowers the interest rate too much it will lose value. The era of free banking in United States was arguably one of the most prosperous times economically which ushered in our Gilded Age. Since the creation of the Federal Reserve and the government monopoly of money, we have seen the Great Depression and the Great Recession and other boom and bust cycles. More importantly there is a philosophical idea of freedom in money behind the idea of private currency. If money is a commodity, the most important commodity in the economy, why in a free country and free market does the Federal Reserve Bank monopolizes it? To understand this, I invite you to meditate on what money really is. ... https://www.youtube.com/watch?v=eeORxmu1gsw

I spent my whole life studying monetary economics. I worked in the banking industry. I 100% support giving Russian Oligarch money to Ukraine. It would bring back trust and confidence in the government's relationship with the banking system and people, help Ukraine, be a good precedence to make the world a better place, be justified under international law, act as a deterrent for the future, in the long term reformat Russia that will result in a more democratic and transparent free world which would bring with it all the benefits like the comparative advantage. It is a moral obligation because our addiction to fossil fuels created that machine. ... https://www.youtube.com/watch?v=OcFY2k2kEiE

The Time of Troubles in Russia came after Ivan the Terrible's reign, and not coincidentally, this coincided with the creation of Russia's first secret police. This video looks at the impact of the culture of fear on the minds of the Russian people and, ultimately, its effect on the Russian economy's growth and development into a normal, healthy economy. ... https://www.youtube.com/watch?v=Z7KLkV1sxIs

Subscribe to my channel - Big thanks. https://www.youtube.com/c/EconLessons/?sub_confirmation=1 This was my first DIY greenhouse https://youtu.be/LNDkAUMBrQg I wanted to show people anyone can easily create a greenhouse. Even poets and philosophers and even economic students, for little money. Yes, I know it is DIY rather than DYI :) I am not sure if it is a cheap greenhouse or a cheap guy standing in front of a greenhouse? Either way, you can be semi-self-sufficient and have fun building bamboo or any type of structure to grow food and beat inflation. Subscribe to my channel - Big thanks. https://www.youtube.com/c/EconLessons/?sub_confirmation=1 ... https://www.youtube.com/watch?v=ks1ur9Qm9Vo