The "What is Money?" Show cover image

Bitcoin Mining on the Ocean with Nathan and Michael (WiM239)

The "What is Money?" Show

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The Fed's Exclusive Purpose Is to Smooth the Business Cycle

The most recent liquidity crisis we had March 2020. It was the fastest drawdown in market history, especially the 1929s collapse. By the end of Fed's exclusive purpose is to smooth the business cycle. Steady prices, low unemployment, but it actually does the exact opposite.

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