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Ep. 175 David Andolfatto Defends the Fed

Ron Paul used the fall in purchasing power since the founding of the Fed to argue that the central bank had hurt regular Americans. Fed economist David Andolfatto disagrees, but Bob pushes back. Mentioned in the Episode and Other Links of Interest: The YouTube version of this interview. David Andolfatto critiques Ron Paul’s argument against the…

Ep. 10 This One Simple Fed Trick Earns the Bankers Billions

Bob flies solo to explain what he means when he tells crowds, “Back in the fall of 2008, as the financial crisis hit, the Fed began paying banks to not make loans to their customers.” Specifically, Bob explains the new Fed procedure of “paying interest on reserve balances.” As of the Fed’s December 2018 meeting,…