I have friends posting and sharing memes on FaceBook about how “evil” and “crooked” the Federal Reserve is etc. blah blah blah. And yet if you ask them to explain to you exactly what is The federal Reserve you get no answer or just as likely an answer that is “not even wrong“. So here is a good real simple intro to what The U.S. Federal Reserve Bank is and how it works, and what it does.
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