Modern Money Mechanics is a publication written by the Federal Reserve Bank of Chicago to explain how the Fed works (or doesn’t as the case may be).
Read carefully with a prior understanding of how the Fed works from other books like the Creature of Jekyll Island, it confirms much of what you may already know. If you don’t know already. Read it and then read the Creature book or Dishonest Money and you will see what it reveals more clearly.
Download Modern Money Mechanics from this link