A 35 minute video in which Joseph Salerno, Economics Professor at Pace University, speaks on the US Federal Reserve and exposes some of the fallacies regarding how the Federal Reserve functions, creates money, and controls the monetary system the United States.
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Its always good to get a refresher of how ridiculous it is to worry about a number in a computer. Its just a number... thats it. Someone just clicks and money is created. There probably isnt even a balancing entry. Something more tangible starts to make more and more sense.
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