Chapter 29 - The Monetary System

Barter 1:20
What is money? 2:26
Functions of money 3:27
Commodity money vs fiat money 7:22
Money in the US economy 10:25
M1 and M2 12:50
The Federal Reserve System 16:43
Jobs of the Fed 20:58
The impact of banks on the money supply 25:32
Fractional reserve banking and money creation 32:36
The money multiplier 43:16
The tools of the Fed 46:36
Problems in controlling the money supply 55:27

[MulaifaMukwevho]

your videos made me score a distinction in semester 1. Keep up the good work

[topg_]

Thank you professor. Your lectures were quite engaging. I scored decent in my university test by watching your lectures a night before.

[huonglynguyen]

Just get addicted to many of your lectures! Please continuing teaching like this as I deeply appreciate!

[JohnSmith-wymh]

I'm a Chinese student, it's hard for me to look for the English lessons of principles of economics. Really thank you for your lessons.

[azizatay]

The things you said about effects of the cahnges in discount rate and what you write about it are different, and I think the things on the board are the accurate ones. But thank you a lot for these lectures. The lectures are amazing.

[baratarohankumar]

sir your teaching style is fantastic way you teach the concepts get printed in the mind

[SamTuyishime]

Thank you sir you really make principle of economics attractive

[StudyLine-ir]

Спасибо
полезно тем, кто в последний день готовится к экзамену

[timothydaniels]

How is this guy so good at writing backwards

[SerenaZhao-rwow]

Quote what I learnt from this series, your lessons is truly positive externality! Many thanks💐

[ProChartist]

Wow, great video and teaching. Thank you!

[IndrishYadav-yfwu]

Thanks sir, your video is knowledgeable and informative in my govt exam

[chhayankmulchandani]

Really helpful lecture sir, respect from India.

[charliejennifer]

From May 2020 on, M1 comprises currency, demand deposits, and other liquid deposits. Since Savings accounts are now more liquid, they are no longer part of M2 but part of M1.

[ankitYadav_]

Thank you professor for the amazing videos

[QueenVz]

Thanks for the video. I am preparing for a quiz and the final exam later in the semester.

[charliejennifer]

Love your new lectures! Very cool system of looking at audience while writing… are you writing backwards so we can see everything properly?If I may make a suggestion, can you write a little larger, most of my students (and me) watch your videos on phones. You have a kind voice and I love that you speak slow enough for students to process the information you are teaching.

[nganduongnguyenthanh]

Thank you so much, this really helps me.

[deepikaanand]

can you suggest some more economic interviews or podcast or books . also your videos are very helpful and engaging.

[Beecroftj]

Amazing how he can do mirror writing!!!