US Money Chapter 5

Chapter 5 explains how our specific money system in the United States works.

Join the Chapter 5 Discussion.

Our Current System
5.40 Our Current System: How did we get here?
5.41 The Constitution on Money
5.42 The US Federal Reserve System
5.43 The Fed’s own words...
5.44 The Fed’s goals
5.45 The duties of our central bank
5.46 WHO creates new money?: A privileged elite of private bankers
5.47 How is new money created?: Debt-credit creates the money supply
5.48 The Tokens: Cash and digital
5.49 How much money have the banks created?: Reported + 1/3
5.50 Money supply growth rate: Steady devaluation of our dollar
5.51 The golden goose: Government
5.52 Conflating monetary with economic
5.53 A Radical Departure
5.54 Sunshine is the best disinfectant
5.55 Pandora's Box: Pushing the boundaries: a new digital currency
Chapter 5 Endnotes