Bob Simon on the "dot-com kids" in Silicon Alley (2000)

If you know anything at all about the Internet, you know you can practically live your life without ever leaving your computer.  You can order books without ever going to the bookstore, reserve airline tickets, even buy food for your house pet.  That's the 20th century; in other words, yesterday.  The new stuff is percolating out of a bunch of old buildings in downtown Manhattan, and the people who work there call themselves "the dot-com kids."  They're cool, they're hip, they're very rich and very young...  Their motto could be "Never invest in anyone over 30."

~ Bob Simon, "The Dot-Com Kids," 60 Minutes, February 15, 2000

Scott Pelley of '60 Minutes' asks Jerome Powell, "Fair to say you simply flooded the system with money?"

Scott Pelley: Fair to say you simply flooded the system with money?

Jerome Powell: Yes. We did. That's another way to think about it. We did.

Scott Pelley: Where does it come from? Do you just print it?

Jerome Powell: We print it digitally. So we-- you know, we-- as a central bank, we have the ability to create money digitally and we do that by buying Treasury Bills or bonds or other government guaranteed securities. And that actually increases the money supply. We also print actual currency and we distribute that through the Federal Reserve banks.

~ Jerome Powell, 60 Minutes interview, May 17, 2020