145 - Is The Fed Corrupt? with Christopher Leonard
How is money created? Why? Whose job is it? We often discuss the Federal Reserve, and in this episode, we’re doing a deep dive into what the Fed is—its origins, its purpose, and ultimately, its concerning behavior.
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Inside the episode
What do we do about this institution? Something has to change, but what is the path forward?
Joining us to answer these questions is Christopher Leonard, investigative journalist and author of The Lords of Easy Money.
TIMESTAMPS
0:00 Intro
5:30 Should We Be Worried?
8:35 This is Insane
15:30 Origins of the Fed
23:50 A Young Fed
30:40 From Gold to Fiat
35:50 A Tool of the State
43:25 Incentives and Structure
47:25 Against Ben Bernanke
55:20 Institutional Pressure
59:30 Jay Powell
1:05:20 Banking Pressure
1:12:30 Political Actors
1:16:30 The Terminal Point
1:20:40 What Comes Next?
1:24:00 What to do about the Fed
1:29:15 The Legacy of the Fed
RESOURCES
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