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hi my name is Mark and I teach economics the purpose of this video is to talk about free banking also free money it sounds pretty good free money free banking anytime you put a word free in front of something but it really is pretty good it is an alternative to the government control of money the government monopolistic control through the private bank for the government banking system of the Federal Reserve we had this system 1836 the Charter the second bank of the United States expired and from 1836 18 really 1837 to 1863 we had something called free money free banking system and after that subsequently all the way till 1913 1914 we had a quasi free banking system free money and that was our Gilded Age the world didnt fall apart most of humanity existed without the Federal Reserve and we just assumed the federal exerts exist and we have this money supply that this is the way it has to be not necessarily Canada before water one had free banking Scotland certainly had a very successf