The History of Paper Money – Working out the Kinks – Extra History – #5

The History of Paper Money – Working out the Kinks – Extra History – #5

Over the last few episodes we’ve seen the intellectual underpinnings of paper money slowly come into place. But having nebulous ideas about why paper money might be good is one thing, getting people to really believe and trust in it is another matter entirely. And so today, we’re going to tackle the development of the

The History of Paper Money – Barebones Economy – Extra History – #3

The History of Paper Money – Barebones Economy – Extra History – #3

In the last episode, we got to the ad hoc, unofficial beginnings of paper money. This week, we’ll look at some of the rogues’ gallery that really created the intellectual argument for adopting paper money in some more official way. When we last left off in England in 1640, the first unofficial banknotes were starting

Could China kill the US dollar? – Truthloader

Could China kill the US dollar? – Truthloader

For the last few years, increasing numbers of commentators, including Max Keiser, have been predicting the collapse of the US dollar, a collapse that could be closer than you think. America currently faces a very real, impending threat — China. China accounts for more global trade than anyone else on the planet, and most of

Money and Banking, part 4: Risky Government Debt, Diabolic Loop, Stability and Dominance Concepts

Money and Banking, part 4: Risky Government Debt, Diabolic Loop, Stability and Dominance Concepts

Welcome back to the final part of our money and banking video series. In part one you have learnt how banks create money. In part two you saw how an adverse shock is amplified through the liquidity and disinflation spiral. Part three then showed how redistributive monetary policy can mitigate these adverse spirals by affecting

The Treasury And The Federal Reserve

The Treasury And The Federal Reserve

basically with the national debt the breakdown of the national debt into Treasuries reserves and currency is based on the movements of those to buffer stocks of reserves and currency in the aggregate you can't change the quantity of reserve balances unless you change something else on the Fed's balance sheet and so banks themselves