Ep. 243 To Understand (Price) Inflation Then and Now, Follow the Money
Bob Murphy Show
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Savings Account Balances Are More Easily Convertible Into Actual Dollars
In april of 20 20, they removed thi limit. So up to that point, if you had money in a savings account with a commercial bank, you could only withdraw money from it six times a month. And ow, historically, the savings account paid more interest. But once tefad got rid of that six per month limit on withdrawals from savings accounts, that distinction kind of melted away.
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