38 min listen
Episode 65: Money, Inflation, and Interest Rates
Episode 65: Money, Inflation, and Interest Rates
ratings:
Length:
55 minutes
Released:
Aug 31, 2014
Format:
Podcast episode
Description
An introduction to the concept of money, including its uses, purpose, and a brief account of its history. I discuss the notion of money as a medium of exchange, a unit of account, and a store of value, and some of the properties that make particular goods useful as money. I also discuss various measures of the money supply, and briefly outline the difference between the monetary base and money created through the fractional reserve system. I discuss inflation, including its definition, causes, and effects on the economy, before concluding with a brief look at interest rates and exchange rates.
Released:
Aug 31, 2014
Format:
Podcast episode
Titles in the series (100)
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