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Mark, an economics teacher, discusses free banking and free money in this video. He explains how free banking is an alternative to government control of money, which existed in the US before the establishment of the Federal Reserve in 1913. From 1836 to 1863, there was a free banking system, and from 1863 to 1914, a quasi free banking system. Despite not having a central bank, the world didn't fall apart during this time, as seen in successful examples in Canada and Scotland. This challenges the assumption that government control of money is necessary.