What causes a recession or depression? - the answer may surprise you. The boom and bust cycle has been rolling on for centuries now, even though we know what causes it and have the means at our disposal to stop it. Fiat currency creation (fractional reserve banking) creates distortions in the market, made worse by interest rate policies and State interventions in the economy, that result in 'bubbles' of over-expansion. When the situation inevitably destabilizes, these bubbles pop, causing lots of people to lose their jobs. The solution is to stop printing currency, remove the shackles off the economy, and let the market actually do its job for once. This video was edited by Terri Young https://www.terriyoungdesigns.co.uk/ Videos EVERY Monday at 5pm GMT (depending on season, check for British Summer Time). - - - - - BIBLIOGRAPHY / SOURCES While I did use several sources for this video, the main one I'd recommend is Murray Rothbard's "America's Great Depression" which explains the causes of recessions and depressions amazingly well. For a book on basic economics, I'd recommend Hazlitt's "Economics in One Lesson", and after that Thomas Sowell's "Basic Economics". Full list of all my sources https://docs.google.com/spreadsheets/d/114GiK85MPs0v4GKm0izPj3DL2CrlJUdAantx5GQUKn8/edit?usp=sharing - - - - - SUPPORT TIK Want to ask a question? Please consider supporting me on either Patreon or SubscribeStar and help make more videos like this possible. For $5 or more you can ask questions which I will answer in future Q&A videos. Thank you to my current Patrons! You're AWESOME! https://www.patreon.com/TIKhistory or https://www.subscribestar.com/tikhistory If you like Stalingrad, you may also enjoy historian Anton Joly's YouTube channel "Stalingrad Battle Data". Link: https://www.youtube.com/channel/UCIk1QDvITjPOCsIRGGpSasA - - - - - RELATED VIDEO LINKS How close was the Soviet Union to Collapse in 1942-1943? https://youtu.be/46sqhBhHJ-M Did the Soviet Union EVER Recover from WW2? https://youtu.be/kPVo9w79D6w The MAIN Reason Why Germany Lost WW2 - OIL https://youtu.be/kVo5I0xNRhg Why did Synthetic OIL not solve the AXIS OIL Crisis? https://youtu.be/URBlC-wjXiQ BATTLESTORM STALINGRAD S1/E1 - The 6th Army Strikes! https://youtu.be/YAfo5mse-ag My “Why I'm Passionate about HISTORY and What Got Me Into it” video https://youtu.be/KnpCaLH9z7M History Theory 101 https://youtu.be/PvpJEc-NxVc - - - - - ABOUT TIK History isn’t as boring as some people think, and my goal is to get people talking about it. I also want to dispel the myths and distortions that ruin our perception of the past by asking a simple question - “But is this really the case?”. I have a 2:1 Degree in History and a passion for early 20th Century conflicts (mainly WW2). I’m therefore approaching this like I would an academic essay. Lots of sources, quotes, references and so on. Only the truth will do. This video is discussing events or concepts that are academic, educational and historical in nature. This video is for informational purposes and was created so we may better understand the past and learn from the mistakes others have made.