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Central banks are the supposed champions of both price stability and financial stability....

But, have prices and finance really been very stable? or was the world of money actually more stable before central banking was invented?

BIG SHOUTOUT to Professor Dirk Bezemer, with whom I collaborated to create the script for this video as well as to Alex Moore Via www.dmsquaredagency.com who did the editing & graphics.

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5 BOOKS THAT INSPIRED THIS CHANNEL
The Narrow Corridor: States, Societies, and the Fate of Liberty: https://amzn.to/3gr6pSV
Money Changes Everything: How Finance Made Civilization Possible: https://amzn.to/3mt3xbY
Adaptive Markets: Financial Evolution at the Speed of Thought: https://amzn.to/3sCkS3a
House of Debt: How They (and You) Caused the Great Recession, and How We Can Prevent It from Happening Again: https://amzn.to/3gqXNeZ
The Third Pillar: How Markets and the State Leave the Community Behind: https://amzn.to/382Agwo

SOURCES:
I've linked my sources in the blog that goes along with this video. Most links are in the text. But, I added some extra literature and data sources to the end of the blog: https://www.moneymacro.rocks/2021-10-...

Timestamps:
0:00 - introduction
0:35 - South European Banks
4:08 - Bank of Amsterdam
9:38 - Channel plug
10:03 - Sveriges Riksbank
13:18 - Bank of England

Attribution:
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Narrated and produced by Dr. Joeri Schasfoort (University of Groningen)