Banks, unlike private citizens, have the right to create almost as much money as they want out of thin air. This monopoly (which other parts of the financial industry don’t get) is why banks become too big to fail. In short, it’s the root of the instability in our economy…and that’s just the beginning of the problems it creates.
In this episode of the Bryan Callen show, Ben Dyson talks us through why this problem exists and what we have to do to fix it.
“It’s a truly mind-blowing episode.”