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Cryptocurrency is decentralized, anonymous - and potentially usable for tax avoidance. On the other hand, central banks like the Federal Reserve establish national currency and increase transparency, but can also cause instability and favor private interests over public interests. Familiarize yourself with the pros and cons of centralized currency in this second of a two-part series. See how we got here with a brief history of currency by following this link to the previous video:    • How Is Money Created? | Understanding...  

This video is from the series Macroeconomics Made Clear, presented by Akila Weerapana
To learn more about macroeconomics, visit http://www.wondrium.com

00:00 The Pros and Cons of Cryptocurrency
03:40 What Is the Federal Reserve?
08:34 How the Fed Changes the Money Supply
12:35 The Impact of Economic Turmoil on the Financial System
16:20 Changes to the Currency System in Recent Times

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