How MONEY & BANKING Really works - Part 1 (1 of 5)(Links to an external site.)

As the video demonstrates, banking began as a mostly private (non-government) industry and, over time, the government's role became primarily one of regulation (e.g., setting reserve requirements)and providing support for private banks (e.g., central banks lending banks money to pay deposits). In your discussion post, address if you think this balance of responsibilities is good, if you think that the government should be less involved in banking, or if you think that the government should expand its role in banking by taking deposits from and making loans directly to individuals and businesses (like most banks do today).