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Documentary Of The Week: What The World Has Not Learned From The History Of Money
Friday, April 22, 2016 19:33
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Written by John Lounsbury
The world has failed to learn from previous financial crises because a naive model of money–the “Fractional Reserve Banking” model–dominates how we interpret them, despite this model being wildly at odds with the actual mechanics of banking and with history itself. This is the 10th lecture in this series on orientation to economics. Previous lectures after this video, below.
Source: http://econintersect.com/pages/contributors/contributor.php?post=201604122227
