Not Your Average Financial Podcast™
Episode 266: The Federal Reserve vs. Your Fractal Reserve
In this episode, we ask:
- What is the average retirement age for many Americans now?
- Are people retiring later?
- What is the average income and average net worth of these Americans?
- How much?
- What or who is the wizard behind the curtain?
Thanks to Tom Woods and the many historians and economists I cite in this episode!
- What was the original job of the Federal Reserve?
- What does flexible mean in the context of currency and the Federal Reserve?
- What are shadow economics?
- What happened in December of 1913?
- What has happened with inflation?
- How was the Fed originally created?
- Would you like to hear Episode 56?
- Are we now in a better place?
- What did Christina Romer discover?
- What about the frequency, length and duration of recessions?
- What about price stability?
- What about deflation?
- What about output volatility?
- What did Richard Timberlake say about monetary history?
- What happened in the 19th century?
- What about the gold standard?
- What about the bank panic of 1819?
- What was Thomas Jefferson’s plan?
- What about the panic of 1873?
- What about the gilded age?
- How was life different for people born in 1860 vs. 1890?
- How did prices drop?
- How did America transform?
- When was the gold standard restored?
- What was unit banking?
- How did the farming calendar affect the bank?
- What about artificial fragility?
- How was Canada different?
- Could the U.S. have avoided bank panics?
- What did Milton Friedman say?
- Was the Fed successful at stopping bank panics?
- What about deposit insurance in 1934?
- …How many banking panics?!
- Was the Fed not prepared to handle it?
- What is the Cantillon effect?
- How does money creation affect people differently?
- Where are the top 5 wealthiest counties in the U.S.?
- What about moral hazard?
- Should prices fall?
- What about goods and services?
- What do banks create?
- What about fractional reserve notes?
- What about savers?
- What about losing out due to inflation?
- What about investments?
- What about holding on to your cash?
- What about maintaining your purchasing power?
- Is this working?
- How do we escape the boiling pot?
- How might you take steps to increase your own money supply?