Garrison provides a history of central banking and analyzes the most common criticisms of the central banking system.

Speaking at the Future of Freedom 5th Anniversary Conference on September 24, 1994, Roger Garrison, professor of economics at Auburn University, explores critiques of central banking from a number of perspectives. He summarizes the history of central banking, as well as the battle between the Keynesians, the monetarists (such as Milton Friedman), and the Austrians (including Murray Rothbard). Garrison’s talk is a great and accessible introduction to central banking and monetary policy.