Wednesday, August 3, 2011

The Federal Reserve and Imaginary Money

Join my guest, Arkady Faktorovich, for a second week. This week's show will address the Federal Reserve Bank. (Not part of the government, it has no reserves and it's not a bank, so how does that name work?)
Learn about the history and why it matters that you know.

"And when money failed in the land of Egypt, and in the land of Canaan, all the Egyptians came unto Joseph, and said, Give us bread: for why should we die in thy presence? for the money faileth." ~ Gen 47:15

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