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232: The Fed

Classical Stuff You Should Know

00:00

The Hines Brothers' Hair Brain Scheme

There was a hair brain scheme that two guys, actually three guys, two brothers and a dude came up with. Let's make some money, boys. We're going to make some money. So they had turned their copper money into bigger financial products. They were taking on deposits and lending money. And so this didn't do much to help with the whole trust issue in the system. It spelled differently. Do you have a part in New York? Sure.

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