
232: The Fed
Classical Stuff You Should Know
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The Panic of 1907
The first thing you need to know about banks is you need toknow about blood magic. So when America was founded, there was always a big question. Should we have a central bank that is like the first bank of the United States? Or should we let each individual state or city or district have their own little banks and have everything be real? "How do banks make money? Screwing the little guy"
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