#19 – Logan Chipkin: Understanding Economics
Arjun Khemani Podcast
00:00
The Rise and Fall of the Federal Reserve System
Banking was first developed into the mature industry that we now know it as through to people parking their precious metals in the banks. The development and evolution of bank notes and layer two monies is really an amazing movie script and yet this literally happened. By just printing bank notes governments are able to siphon the wealth from their citizenry to pay for things that the citizenry would otherwise not want to be taxed in order to pay for such as World War I.
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