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Do We Still Need Central Banks?

Author
Economics Explained
Published
Tue 05 Aug 2025
Episode Link
None

Almost every nation relies on a central bank, but the US is buzzing with talk of scrapping the Fed—the globe’s mightiest financial force! From its 1694 origins to battling today’s debt and inequality crises, we break down why central banks are crucial and what chaos could unfold if the Fed disappears. Will this rock the global economy, or is it just political hot air?

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