If the Federal Reserve has printed over $2 trillion dollar and given it to banks to lend, why is U.S. inflation still low? Photo by Pepi Stojanovski In this episode you’ll learn: How banks create money and how reserves factor into banks' lending decisions.How much has the money supply increased as a result of bank lending and Federal Reserve action.How Federal Reserve bond buying increased liquidity but not national wealth.Why we haven't seen higher inflation. Show … [Read more...]
167: Is Bitcoin Better At Money Than The Dollar?
Why bitcoin is a compelling speculative diversifier and how it has been a better store of value than both the U.S. dollar and gold. Photo by Dennis Wegner In this episode you’ll learn: How U.S. Notes or greenbacks became the first fiat currency. How large is the U.S. money supply and how much has it increased relative to gold and bitcoin. What is bitcoin and what is the controversy regarding transaction limits. Show Notes United States Notes (greenbacks) – … [Read more...]
94: How Money Is Created and Destroyed
How federal governments allow banks to create the vast majority of the world's money supply, and why that erodes the value of money over time. Photo by Generation Grundeinkommen In this episode you'll learn: What is financial intermediation.What is fractional reserve banking.How banks create money through creative accounting.How banks decide how much money to create through their lending decisions.How central banks try to control the amount of lending.Why federal governments can … [Read more...]
