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Money and Banking

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First published at 04:07 UTC on November 1st, 2019.

#money
#banking
#economics

Economics in One Lesson (in the 21st Century)

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Money and banking have confused a lot of economists, not to mention other people, over the years. The One Lesson helps us to make sense of what's going on, by getting us to see how everyone's net worth changes at each stage in money'…

Many of the complexities of economics go away when we consider how decisions and actions affect each person's net worth. The results are astonishingly simple and intuitive, allowing almost anyone to engage in economic debate, and to know when they are being deceived.

There is no fallacy of composition when it comes to net worth!

Gold coin image by Alexas_Fotos from Pixabay:

https://pixabay.com/photos/nickel-24-karat-coin-gold-bull-2815980/

"Money as Debt" film by Paul Grignon:

https://www.youtube.com/watch?v=6pW9rlOKuhk
https://www.youtube.com/watch?v=c62p6WFwtH4
https://www.youtube.com/watch?v=N2aQ9hk5fCE
https://www.youtube.com/watch?v=qoPsgRwdg6I

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