Money as debt 3

 

 

Money as debt 3

A really good look at money which goes on to explain major theories of how different types money can succeed or fail.

Its worth pointing out that early on in the movie the concept of money as flow is important, this is a good explanation of  the economic concept of ‘velocity of money’.

Velocity of money  broadly speaking is the number of times (on average) a single unit of money is spent in a year. This concept may seem to be mere trivia until you realize it is very important in calculating inflation.

 

It concludes that money really is a promise to provide goods and/or services in the future, and that money is only as good as that promise.

Posted on April 25, 2014, in Bailouts & Banks, Education, History, Monetary system and tagged , , . Bookmark the permalink. Leave a comment.

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