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This is the forty-eighth video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.

Contents

00:00 Intro

01:15 What is the printing press?

03:03 Liability one: Notes

07:15 Liability two: Reserves

11:39 How big is the Notes % of Base money?

12:59 What about coins?

Here we look at the 108 year, 5,654 week history of the Federal Reserve and its balance sheet. Building on the last couple videos, in this one we're drilling down into central bank liabilities, which is where the 'Base money' is located. Specifically, there are two types of central bank money that make up the Monetary base; the first is notes (and coins), and the second is bank reserves.

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