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Episode 6: The Financial System

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Is the Federal Reserve Really Creating Money Out of Nothing?

Money in the united states used to be tied to a gold standard. Since then, we've been able to just create as much money as the federal reserve essentially feels is necessary to create ok. So i can start to sense where this is headed, because the dollar has n inherent value. It's not necessarily tied to an actual resource like you talked about before. It can just be created out of thin air. And on top of that, the way moneyis being created on a continual basis is purely out of debt, exactly.

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