The Power of Money
by Federal Reserve System
Publication date 1994
Usage Public Domain
Our financial institutions to a majority of Americans is like the internet. We don’t know how it works but we are happy to use it. We trust in others to regulate our economy but struggle under the results. If people have more money they are willing to pay more for something, but when half of the population has nothing, suddenly they can not afford what others can. As well I think. If those with the money are the ones selling products, they have no basis in reality for their pricing. Look. You don’t get there economy. I don’t get it either. It’s my belief that the They out there running the federal reserve know that, and count on it. Lets learn something here that may spark a moment of insight, and a possible interest in something that affects you as much as air water or happiness.
This episode focuses on the Fed's monetary policy responsibility, using the Fed's response to inflation of the late 1970s as a case study.
PRODUCTION: Alvin H. Perlmutter
SPONSOR/DISTRIBUTOR: Federal Reserve System - Minneapolis, MN
Paul Budline, Producer
Christopher Lukas, Director
Paul Budline, Writer
Paul Budline, Editor
Paul Schwartz, Music
Credits
Uploaded by Public.Resource.Org
Public Access America
PublicAccessPod Productions
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