VIDEO UPDATE: Since May of 2020, M1 also includes savings deposits.

@sarahwheelwright4814

10 ай бұрын

Thanks for the Update! 👍

@captaincaption

2 ай бұрын

Thank you for the update!

Great refresher videos. Thank you

Nicely explained.

So the monetary base can be defined as M0 + the reserve deposits of commercial banks at the central bank? Thanks!

Your graphics are getting better, Marginal Revolution University - I look forward to seeing further improvements. Keep it up!

he's back.

Thank you ,good👍

thx

good

are coupons and gift cards considered money?

@josiahwillemse3514

3 жыл бұрын

I would say so because they are a widely accepted means of exchange.

Thinks

Can you please do a video about cryptocurrency?

@helloworld-ns5js

21 күн бұрын

please tell me you bought btc ??? lol

Before Bank Accounts Bookeepers Record Keepers Physically Wrote Credit Rather than Keystroke via Electronic Infrastructure

Rationing device

Credit Issuer's Sometime Have Middleman Markets Before Debt Security is Purchased by Credit Issuer's

Alex man, throw that tie in the trashcan pls :) cool video btw

@mustavogaia2655

7 жыл бұрын

the jacket is at least one size bigger - not in equilibrium point. And patterns coordination depends on similar color pallete - simmetry in information exchange. Good video but terrible outfit. I cannot condone - moral hazard in flexing regulation.

@logangleeson2927

6 жыл бұрын

stfu

Debt-to-GDP ratio please

for granite

@Checkpoint33333

2 жыл бұрын

for granite

This is not nuanced enough to describe 'money' and is using legacy understanding which conflates 'money' and 'currency'. These terms are on different semantic levels: money refers to the agreement or legal element whereas 'currency' refers to its (technical) function. More detailed here: www.linkedin.com/pulse/cryptocurrencies-dollars-cigarettes-christian-kameir/

Now can you explain why construction worker is payed low and basketball player high ?

@scotiacrumpler2824

2 жыл бұрын

Because millions of people will pay to watch a highly skilled basketball player play basketball, because they find it entertaining, and they won't pay to watch a construction worker because they don't find it entertaining. It's more complex than that, but that's the simple explanation.

and what about credit cards? are they money?

@hazadus3

3 жыл бұрын

Not until you spend it

All I have is a Savings Account and I can buy things from it using a debit card.

@nicolaspadron7511

3 жыл бұрын

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Currency is currency Gold is money

Assets Can Become Liabilities

Money Has a Duelistic Nature

Great video for a 14 year old but a sixteen-year-old wouldn't buy it

How to you in erath 👉🤸🚶

CD lol

Currency is not money

It didn’t fundamentally answer the question.

@preplan1

2 жыл бұрын

Rationing device :)

Aggression

Gold is money!

@vinigasparini

6 жыл бұрын

It most certainly was and could still be used as such.

@emperoralvis6559

6 жыл бұрын

Straight White Male Gold is worth more than any fiat paper that’s printed. In other words, it’s better than “money”

@dinsel9691

5 жыл бұрын

@@emperoralvis6559 Gold is worth more than money? KZread comments comedy from retards is fantastic.

This is mostly wrong, or at the very least misleading, and the next video covering the money multiplier even more so. Sad that this information is shared by reputable economists as true. Authors, please see “Money creation in the modern economy“ by the Bank of England, and revise or delete these videos.

@MarginalRevolutionUniversity

7 жыл бұрын

Jesse, Thanks for your comment. We are planning to release videos that cover the newer tools the Fed uses to influence the economy, including paying interest on reserves, QE, etc. They are coming out in the fall. I think the money multiplier is still a useful tool to help think about fractional reserve banking and the money supply (which that Bank of England pdf says as well). However, I agree that thinking about reserve levels as the binding constraint to lending is an incomplete picture of the modern economy. Hence why we're adding videos. -Roman

Money is by far nothing you've stated though. True Money must have intrinsic value. So actually, jewelry is closer to being money than cash. I'm disappointed in this video for defining currency as money.