Economics of Money and Banking, Lectures 1-6 of 12

The first half of the course taught by Perry Mehrling.
Will be uploading the second half shortly...

[davidlim]

I am a PhD student in Mechanical Engineering with zero background in economics nor finance. This lecture series is a masterpiece and an eye opener to me. Thank you.

[datajunkie]

This is the most practical course in understanding morden money system

[anaphaxeton]

Note that these are partial in comparison to what i watched in Coursera some years ago. Which i suppose was everything from Barnard's

[Omicronthewiperofyouknow...]

I've been thinking about this whole investment think. Somehow, I think the equations are wrong, Here's what I think. You have 1$. You go and buy bread. 1$ = 1 bread. You have 1$. You go and invest. After a day, if everything goes really well, you get 2 $. But 1$ != 2$. So, during that time, something happened to the dollar. What exactly happened? Well, the value of the stocks fluctuated. Because of the fluctuation, the stocks you invested in gained more value. So, the value of the $ you invested represents a function that describes the fluctuation. But since it represents something different than the $ you used to buy bread, it's not correct to use the same sign. You can't use the same notation for something that represents a fluctuation and also something that represent value at a given moment. So, in order for this to make sense, you need to consider that the $ you use to invest is actually d$/dt. A derivative. In the same way acceleration is the derivative of speed.

[Martin-iwll]

Technically everything in the monetary market is credit (promise to pay), only physical hard gold is valuable. That is why the Fed keeps lots of physical gold. The dwarves gets it, gold, gold, gold

[mercymimi]

Thanks for sharing this. I have been looking for these so long.

[momcilojovanov]

I clicked on this thinking it's Tim Heidecker holding a lecture.

[zachrioux]

Clicked on this because I thought this guy was Tim Heidecker based off the thumbnail.

[nextspring]

Thanks for sharing. Is there some lecture notes? I am taking notes

[leclmxf]

Miller Kimberly Lee Edward Miller Jennifer

[Martin-iwll]

This is why you have to own gold mines

[nocucksinkekistan]

They need to learn to make good content this is trash