Money and Banking: What Everyone Should Know

Name: Money and Banking: What Everyone Should Know
Released: 2012-01-13T00:00:00.000Z
Cast: Michael K. Salemi

TV Show · Special Interest

In a 36-part lecture, renowned economist and professor Michael K. Salemi provides insight into the world of finance and its significance in human lives.

2012 · 30m

Starring Michael K. Salemi

EPISODE 1

The Importance of Money

The professor explains money's fundamental nature as a social institution and a contract.
EPISODE 2

Money as a Social Contract

There are five stages in the evolution of money.
EPISODE 3

How Is Money Created?

The professor elaborates on the invention of paper money and the history of the gold standard.
EPISODE 4

Monetary History of the United States

The professor discusses key issues related to national currency and coinage.
EPISODE 5

Local Currencies and Nonstandard Banks

Various nontraditional models can be effective in solving economic problems.
EPISODE 6

How Inflation Erodes the Value of Money

There is a correlation between inflation and the consumer price index.