Planet Money Summer School

Macroeconomics 7: The Fed & Volcker's Socks

Aug 24, 2022

31:46

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Highlights

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Episode notes

The Aldrich Plan - The American Central Bank

01:35

The US Can Create a Central Bank

01:41

Aldrich's Plan for a Central Bank

02:11

Introduction

3min

The US Can Create a Central Bank

2min

Aldrich's Plan for a Central Bank

2min

The Aldrich Plan - The American Central Bank

2min

The Power of the Central Bank

5min

Paul Volker - The Man Who Whipped Inflation

2min

Fed Chairman Paul Volker - Is That Really the Best Job?

2min

Paul Volker's Daughter Janice Volker-Zima

2min

Paul Volker's Hammer of a Weapon

2min

10.

Did You Ever Have Doubts in There?

3min

11.

What's the Problem With Inflation?

2min

12.

Did Paul Volker Go Too Far?

4min

13.

Is the Federal Reserve Changing?

3min

The Federal Reserve plays a very important role in the economy. When things start to look uncertain, the central bank is tasked with stepping in to restore people's confidence in the economy. But how do they do it? On today's episode we dive deep on monetary policy and the role of the fed. |At this Summer School, phones ARE allowed during class... Check out this week's PM TikTok! | Listen to past seasons of Summer School here.

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