How a bank panic led to the creation of the Federal Reserve, and why having diversified sources of money can protect us in case we have a bank panic today and can't get access to our bank deposits. In this episode you’ll learn: How a bank panic and economic crisis in 1907 led to the creation of the U.S. Federal Reserve in 1913.How U.S. currency evolved after the establishment of the Federal Reserve.How currency, bank deposits, gold and Bitcoin differ in terms of their … [Read more...]
155: Clues To The Next Financial Crisis
How panic caused the great financial crisis and what to look for to see if it is happening again. In this episode you’ll learn: Show Notes The Money Problem: Rethinking Financial Regulation - Morgan Ricks Lombard Street: A Description of the Money Market - Walter Bagehot Potential Output and Recessions: Are We Fooling Ourselves? - Robert Martin, Teyanna Munyan, and Beth Anne Wilson When Safe Proved Risky: Commercial Paper during the Financial Crisis of 2007–2009 - … [Read more...]
