History of Money – Part 1 (Ep. 47)

The story of central banking is one of evolving intentions, unintended consequences, and ongoing debates about control, risk, and fairness in the economy. In this episode, John and Alex Soutsos trace the history, evolution, and unintended consequences of central banking from Alexander Hamilton’s 1791 blueprint to Jerome Powell’s inflation dilemma today. With wit and clarity, they explain how central banks were designed to prevent bank runs and create stability, but instead may be fueling business cycles, moral hazard, and widening wealth gaps. You’ll also hear how fiscal policy, political interference, and emergency bailouts have reshaped the role of the Federal Reserve and its global influence. What you’ll learn: A crash course in U.S. central bank history How interest rates and inflation are really controlled The truth about bailouts, moral hazard, and market distortions What Germany, Argentina, and “It’s a Wonderful Life” teach us about economic panic And more! Connect with Med-Wealth Financial Services:  Med-Wealth Financial Services LinkedIn: John Soutsos LinkedIn: Alex Soutsos LinkedIn: Med-Wealth Financial Services X (formerly Twitter): Med-Wealth Financial Services [email protected] 905-568-2000 1- 888-568-1170