The Dig: Inflation Politics with Tim Barker
Jacobin Radio
00:00
What Is a Central Bank?
What is a central bank in general and what is the Federal Reserve in the United States in particular? And more specifically, what do central banks do to shape the economy and to control inflation? Yeah. The best way to think about what a central bank is is it's a kind of bank of banks. It stands at the top of the banking system and controls some of the levers that then affect the kind of lending and borrowing other banks further downstream will do.
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