S26E6 - Why is the Independence of the Federal Reserve Even Important?

Take a trip through economic history with Jake McClure as he uncovers the surprising roots of central bank independence. This episode starts in the 1600s with Isaac Newton, not as the scientist you learned about in school, but as the relentless crime fighter who cleaned up Britain’s broken currency and helped shape the foundations of modern monetary stability.
From there, Jake walks you through how Newton’s ideas still matter today. You will hear how political interference wrecked Turkey’s currency with inflation hitting levels that sound almost fictional, why interest rates soared around the globe after the pa...