AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
5min chapter
Is Sound Money the Answer? with George Gammon (WiM268)
The "What is Money?" Show
Why the Fed Controls Bank Reserves?
There was a long period of time where central banking, people didn't know the names of central bankers. In my opinion, it's all just psychological. The reserve requirement was definitely not constraining them. So effectively what you had is the banking system creating as much money as they wanted to create. There was no constraint. Well, I'm not going to say no constraint, but the Fed wasn't constraining them, that's for sure.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode