A Masterclass In Central Banking | Professor Jane Knodell
Jane Knodell, professor of economics at the University of Vermont and author of "The Second Bank of the United States: Central banker in an era of nation-building" joins the show for a masterclass in financial history. Taking us back to the founding of the First & Second Bank of the United States, Knodell discusses the origins of banking, central banking and everything in between, taking us on a tour from the late 1700's to present day. To hear all this and more, you'll have to tune in!\n--\nFollow Jane: https://twitter.com/JaneKnodell\nFollow Jack Farley on Twitter https://rb.gy/uesguv\nFollow Forward Guidance on Twitter https://rb.gy/cy0dki\nFollow Blockworks on Twitter https://rb.gy/igyzsj\n--\nGet top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter:\nhttps://rb.gy/5weeyw\n\nMarket commentary, charts, degen trade ideas, governance updates, token performance, can\u2019t-miss-tweets and more. Subscribe to the Blockworks Research \u201cDaily Debrief\u201d Newsletter: https://rb.gy/feusos\n--\nTimestamps:\n\n(00:00) Introduction\n(01:02) The First Bank In The United States\n(04:29) The Coinage Act Of 1790\n(08:37) The Financing Of The Revolutionary War\n(14:40) How Successful Was The First Bank?\n(17:14) The Second Bank of the United States: \u201cCentral\u201d Banker in an Era of Nation-Building\n(24:50) The Mechanics of "Discounts, Exchange & Treasury Debt"\n(29:05) The Panic Of 1819\n(33:02) The Panic of 1825 & The Role Of "Central" Banking\n(40:12) Did The Second Bank of the United States Closing In 1836 Have Any Effect On The Panic Of 1837?\n(46:29) The Panic Of 1907: The J.P. Morgan Bailouts\n(53:55) The Financial System's Plumbing\n(57:54) The Financing of WWI\n(01:02:34) The Great Depression\n(01:07:47) Can The Federal Reserve Print Money?\n(01:11:13) Bretton Woods\n(01:15:35) The Treasury-Fed Accord\n(01:19:15) The FTX Fallout\n--\nDisclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.