#26 – An Interesting Little Lesson in Banking, Debt, Economics and Investing

On this podcast Jason Hartman interviews Dr. Mark MacVay on the importance of understanding banking, debt and economics as it relates to investing. Many topics are discussed including, but not limited to: the Bretton Woods system, our debt-based monetary system, the Federal Reserve, central banks, fiat money, full-reserve banking, fractional-reserve banking, the gold standard, taxes, inflation indexed welfare benefits, money supply, discount rates, reserve rates, “the discount window”, seigniorage, money creation, the secret insidious hidden tax we all pay, monetary reform and more. What do all these seemingly boring things have to do with daily life – EVERYTHING (including YOUR MONEY) so listen in and profit!