Modern Capitalism Lessons

Business cycles, the Federal Reserve and Inflation | 14:45

Description: This Modern Capitalism lesson discusses the role of central banks, as well as what causes the typical ups and downs of an economy and the tools the government has to manage them.

Lesson Highlights:

  1. Business cycles
  2. Credit cycle illustrated
  3. Fractional reserve banking
  4. US Federal Reserve
  5. Inflation