This week Southerners were still digging out in the wake of last week's tornados. David Kestenbaum, from our Planet Money team, heads to Tuscaloosa, Alabama where he finds that facts are not so easy to hold onto.
In the 1970s, Dave Kestenbaum's cousin Dan Weiss got promoted from stocker to gift shop manager at the Kennedy Center for the Performing Arts in Washington DC. It was a good job... except for the fact that the place was bleeding cash because of apparent embezzlement.
Though the name of the Federal Reserve includes the word "federal," it's not actually part of the government. It's an independent institution tasked with something very simple, but very huge: Creating money out of thin air.