> I often wonder how money is stored. In a computer account. Here's a 22-second clip[0] from a 60-Minutes interview with a former chair of the Federal Reserve

> I often wonder how money is stored. In a computer account. Here's a 22-second clip[0] from a 60-Minutes interview with a former chair of the Federal Reserve talking about how money is lent to banks. Literally just numbers on a computer. "...We simply use the computer to mark up the size of the account that they have..." [0]: https://www.youtube.com/watch?v=hiCs_YHlKSI https://www.youtube.com/watch?v=hiCs_YHlKSI