Watch the whole 1:06 minute presentation at . In this seventh video, Jesús Huerta de Soto, Professor of Political Economy at Rey Juan Carlos University, Madrid, () questions why central banks even exist, and why there is no free market in interest rates and money supply. Huerta de Soto wonders why people are happy with socialism for the banking system, and why more people are not correctly blaming central banks and fractional reserve banking for the financial crisis.