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The Age of Uncertainty Episode 6 The Rise and Fall of Money

John Kenneth Galbraith
BBC, CBC, KCET and OECA, 1977
Level: beginner
Perspectives: Institutionalist Economics, Post-Keynesian Economics
Topic: Money & Debt
Format: Documentary
Duration: 00:56:09
Link: https://www.youtube.com/watch?v=McW2aFpJxsM&t=1s

John K. Galbraith recounts episodes in the history of money such as the creation of the bank of Amsterdam, John Law's fraudulent Bank Royal, the inception of the Bank of England and of the Federal Reserve to illustrate concepts such as money creation by commercial banks, the bank rate, open market operations or the money supply in general. The emotions, myths and struggles surrounding money are addressed and explained in a clear and consistent manner.

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Tags: bank history | banking | banks | central bank | commercial banks | commodity money | debasement | discount rate (bank rate) | economic history | fiat money | interest rate | lender of last resort | money | money creation | money supply | quantity equation
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