✨ 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 Networkwww.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 ETHEREUMhttps://bankless.cc/Arbitrum👯 DESO | DECENTRALIZED SOCIAL BLOCKCHAINhttps://bankless.cc/Deso🦁 BRAVE | THE BROWSER NATIVE WALLEThttps://bankless.cc/Brave📡 TRUEFI | CRYPTO FINANCIAL HUB https://bankless.cc/TrueFi 👾 SEQUENCE | ALL-IN-ONE PLATFORM https://bankless.cc/Sequence⚡️FUEL | THE MODULAR EXECUTION LAYERhttps://bankless.cc/fuel------Timestamps:0:00 Intro5:30 Should We Be Worried?8:35 This is Insane15:30 Origins of the Fed23:50 A Young Fed30:40 From Gold to Fiat35:50 A Tool of the State43:25 Incentives and Structure47:25 Against Ben Bernanke55:20 Institutional Pressure59:30 Jay Powell1:05:20 Banking Pressure1:12:30 Political Actors1:16:30 The Terminal Point1:20:40 What Comes Next?1:24:00 What to do about the Fed1:29:15 The Legacy of the Fed------Resources:Christopher Leonardhttps://twitter.com/CLeonardNews?s=20&t=2hDVEsJqii7nFVkuwxDPvQThe Lords of Easy Moneyhttp://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