And then that's led to a decrease in prices.

The price of money will go down, that's what the federal funds rate is, it's the target rate, so I'll say Fed Funds Rate, it's the target rate that the Fed sets for the overnight borrowing of reserves between banks, that's the Federal Funds Rate, and it will go down and that's how the Fed tries to set the Federal Funds Rate.

The Federal Reserve cut its benchmark discount rate to an 18 year low.

And it makes sense all the way up to 5.0001 , I'd actually borrow it.

And maybe it'll be another 5 or maybe the interest rate can change again.

The Khmer Rouge didn't believe in money.

Do you know who sponsored this research?

And they'll still take a little discount of your collateral.

Well, now in the other direction, we do have a dominant strategy that we didn't have before.

But at the beginning of the credit crisis or actually after the Bear Stearns collapse, the Fed allowed investment banks and other people to start borrowing from the Federal Reserve directly.

About 1,700,000. It's a Federal Reserve shipment.

So when I talk about the short term interest rate I'm talking about the interest rate on loans that are made over very short periods of time.

It exposes the Fed to less interest rate risk.

And it really just kind of gets rid of a little nuisance.

Let's keep reading what the fed is saying.

And that's what the reserve ratios were all based on, based on the bank notes themselves.

The Federal Reserve slashed interest rates.

Now for the Fed, the option of contracting gives them 8, which is better than 5 or 4, or 3 which is better than 2 and 1.

I'm getting ready for a meeting.

Some people think it only happens with paper money.

Now, when I went to look at the figures of the U.S. money supply, the U.S. money supply is the amount of dollars that the Federal Reserve prints every year in order to satisfy the increase in the demand for dollars, which, of course, reflects the growth of the economy.

Maybe people aren't getting mortgage loans still.

The Secret Service turned Swartz's case over to the Boston U.S. Attorney's office.

Her dad was a federal judge.

From the U.S. attorney in Santa Fe.

So it was expansionary.

Politicians have recently begun Twittering.

I will arrange a meeting.

Now, fast forward to a situation like we are right now and the Federal Funds Rate is already at zero.

Should we turn somebody and get them to testify against these other people?

Imagine leaving behind your own pet in an evacuation or a rescue.

Right here is where the US Congress passed the clean Air Act.

Let's say the United States economy is going into a recession, or maybe even worse than a recession, and you are the chairman of the Federal Reserve and you need to do something about it.

There's the definition as you type.

State

Micronesia, Federated States Of

let's say that they're printing some money right over here, so that's money that they're printing, so this is literally, it would be federal reserve notes being created, so these are notes, which are essentially dollar bills.

And instead, what do we value?

They shut down our office so we moved to Patty's apartment, and now we have a brief to prepare, so she won't be able to meet with you this week.

Allow me to tell you about my four minutes of fame.

It's best not to go into an interview with Patty cold.

That is why I will destroy all the remaining Federation planets.

This is the next setup, isn't it?

And I'll set your office up,

Prepares me for what?