WiM026 - Money Hierarchies with Nik Bhatia
The "What is Money?" Show
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What Was the Federal Reserve?
The federal reserve was created in 19 13 after the financial panic of 19 o seven. The original intent is to provide an elastic currency that can expand or contract when needed, writes historian Julian Zelizer. A central bank helps assage crises and a normalize things, says Zelizer. "I think it's very much the case to day"
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