Check out show sponsor Coinkite: https://coinkite.com/Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/This is the fifty-first video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.ContentsHere we look at the Federal Reserve's weekly balance sheet versus its base policy interest rate in the 1910s and 1920s, which is called the 'Discount rate.' In the early days, this was the rate of interest that banks could get for borrowing directly from the Federal Reserve (and not just in emergency situations, as is the case today), called the 'Discount window.' Many banks directly borrowed from the Federal Reserve in the 1910s and 1920s.We also answer some basic questions like:- What is the price of money?- What is the price of credit?- What is the etymology of 'Discount rate?'- How did the Federal Reserve manipulate interest rates in the early days?- Have stocks reached a permanently high plateau?https://porkopolis.iohttps://twitter.com/crypto_voicesShow content is not investment or financial advice in any way.