Where Does the Federal Reserve’s Money Come From?

The Federal Reserve pours money into banks to support the economy, but where does that cash come from? More importantly, is that money ever repaid?

Richard Wolff joins Thom Hartmann to explain it all.

Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst where he taught economics from 1973 to 2008. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University, New York City.

Earlier he taught economics at Yale University (1967-1969) and at the City College of the City University of New York (1969-1973)

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