AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
Explaining Macroeconomics, The Fed, Interest Rates and Valuations (with Matt McBrady)
ACQ2 by Acquired
The Fed and the Fed Panic
If the banking system collapses, purchasing power collapses for exactly the same reason you see in the movie. And it's this wonderful reflexive thing, which is why you can't allow banking systems to collapse. Because all of a sudden, if they're illiquid, but nothing wrong with em, then there's a bank panic. Everyone basically says, shoot, i got to sell these assets. There's no way to buy the assets too the values go down,. People lose their jobs, ecaue, there's no purchasing power. So that was the beginning of the fede and open market operations.
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