AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
4min chapter
The Century of Central Banking | The Snider Series | Episode 1 (WiM081)
The "What is Money?" Show
Is the Federal Reserve Really a Real Institution?
There's a lot of self interest in how the system was was set up. And there's certainly a lot of opportunities to take advantage. So from the outset, this ideal institution had some political, some politiciation to it that made it absolutely less ideal. What led to the massive tary and balances that became the deflationary great depression was deposit base fractional reserve lending. The level of money and cash in it, flowing through the banking system, in public hands, was essentially fixed for those 20 years while the level of posits skyra just absolutely skyrocketed.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode