The combo of @FedGuy12 and @PeterMcCormack is a powerful one. I quibble with Joseph on a few points but his overall explanation of the Fed is fantastic. The best insider I have seen- big fan. I also recommend his book Central Banking 101.

Central Banking 101 by Joseph Wang (@FedGuy12). Joseph goes a bit deeper into the mechanics of our monetary system, but his way of explaining all things money is extremely clear and concise. A great book. 3/9

“CBDCs would give the government virtually complete control over the monetary system… but from an individual’s perspective, a CBDC would be a historic blow to privacy and individual liberty” From @FedGuy12's excellent new book, Central Banking 101