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Caitlin Long: The Battle with Washington D.C. Over Crypto & Bitcoin ("Then They Fight Us")

Coin Stories

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How Does the Federal Reserve System Work?

In the beginning of the US, there was no central bank. And really it came from the Wildcat banking era where essentially any business could call itself a bank. Ever since then, there's been this creeping federalization of banking in the United States. It essentially reached its nader in the Obama administration during something called Operation Chope Point that started out with payday lenders and ultimately moved to 30 different industries.

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