145 - Is the Fed Corrupt? with Christopher Leonard

✨ DEBRIEF | Unpacking the Episode: https://shows.banklesshq.com/p/debrief-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. 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.   ------ 📣 Infura | Join the New Decentralized Infrastructure Network www.bankless.cc/infura  ------ 🚀 SUBSCRIBE TO NEWSLETTER:          https://newsletter.banklesshq.com/?utm_source=banklessshowsyt  🎙️ SUBSCRIBE TO PODCAST:                 http://podcast.banklesshq.com/  ------ BANKLESS SPONSOR TOOLS:  ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum  👯 DESO | DECENTRALIZED SOCIAL BLOCKCHAIN https://bankless.cc/Deso  🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave  📡 TRUEFI | CRYPTO FINANCIAL HUB  https://bankless.cc/TrueFi  👾 SEQUENCE | ALL-IN-ONE PLATFORM  https://bankless.cc/Sequence  ⚡️FUEL | THE MODULAR EXECUTION LAYER https://bankless.cc/fuel  ------ 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: Christopher Leonard https://twitter.com/CLeonardNews?s=20&t=2hDVEsJqii7nFVkuwxDPvQ  The Lords of Easy Money http://www.christopherleonard.biz/  ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures