MaxMin - Money (How It Is Created, What It Is)

Hello and welcome to a weekend edition of Minimum Competence, we’re calling a Maximum Minimum Competence episode. Essentially, time permitting and given a major legal news story, we’ll try to get you a bit more up to speed than we can in our short form daily news show.

This one? It’s on money. Namely, how it’s created, who creates it, and what limits the amount in circulation. Spoiler: the answer to none of those, directly, is the Federal Reserve.