Overheard on the Metro
2 students studying on the Metro on their way to the University of Missouri-St. Louis:
Student 1: So like, the Fed sells money to the banks from the treasury?
Student 2: Umm...no I think you are wrong
Student 1: Well then what do they do other than make the money?
Student 2: Dude, don't you remember? The Fed owns the banks...kind of like how all of the newspapers are owned by a small number of companies...the banks are all owned by the Fed.
Student 1: Ahhhhhh!!! I get it now, that makes so much more sense. God I'm an idiot, I cant believe I forgot that. I hope it is on the test now.
Me: *smacks hand to forehead* Dear god, I too hope it is on the test that you are about to epically fail.
Apr 4th