The Century of Central Banking | The Snider Series | Episode 1 (WiM081)
The "What is Money?" Show
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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.
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