Money Creation Mechanics
Money can be created and destroyed through the banking system, particularly when loans are repaid. The Fed plays a crucial role in regulating the money supply by setting interest rates, which influence all other rates in the economy. This dynamic underscores the importance of economic productivity, as banks convert promises of value into actual money while managing risk through interest fees.In this clip
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The Prof G Pod with Scott Galloway
Prof G Markets: Margin Calls, Private Jets, Meta Teams Up With Microsoft, and Unpacking the Fed
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