Money makes the world go around, faster and faster every day. On NPR's Planet Money, you'll meet high rollers, brainy economists and regular folks -- all trying to make sense of our rapidly changing global economy.
NPR: Planet Money Podcast navigateright Episode
On today's show, we tell the creation story of the Federal Reserve — one of the most powerful financial institutions on the planet.
The story includes a 70-year-old man with a bad head cold and a bunch of mistresses, a nation that's deeply ambivalent about a central bank, and a secret meeting at an island with a sketchy name.