What Was Before Treasuries?

Porkopolis Economics: Episode 152

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Porkopolis Economics covers macroeconomics, money, and sports from the creator of the Crypto Voices podcast, Matthew Mezinskis.

This episode was recorded on October 2nd, 2024.

When the Federal Reserve prints money, it buys assets. Today, that asset is almost always US Government Treasury securities. In earlier days, this was not the case. Find out what they bought before in this video.

00:00:00 - The Evolving Composition of Central Bank Assets
00:03:04 - The Rise of the Federal Reserve's Monetary Base
00:04:20 - The Federal Reserve's Discount Window and Corporate Borrowing
00:05:39 - Gold Surges Above $35 During WWII
00:07:04 - The Federal Reserve's Gold Reserves and Deficit Financing
00:09:24 - The Decline of Gold's Role in Central Bank Reserves
00:12:10 - The Federal Reserve's Balance Sheet Transition

Host: Matthew Mezinskis
https://porkopolis.io
Twitter: https://x.com/crypto_voices?lang=en

Show content is not investment or financial advice in any way.