WiM026 - Money Hierarchies with Nik Bhatia
The "What is Money?" Show
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What Is the Point of a Central Bank?
The whole point of money is to get and something that's trust minimized. So we had tho the united states, you know, declare their independence from britain. And then for a while, the united states resisted the implementation of a central bank. But at the beginning of the country, a large debate was, how much power should we concentrate in the federal government versus how muchpower should we leave with the states?
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