Hidden Secrets of Money – Mike Maloney

Mike Maloney documentary series on the Hidden Secrets of Money covers the evolution of money and its properties. Topics on economics that are covered include deficit spending, fiscal policy, debt ceiling, and trade cycles. Also, he reviews the role of the Central Bank and how its creates currency affects asset prices and purchasing power. To learn more about gold and fiat money, watch the playlist of the documentary on YouTube here. Note one flaw in his reasoning currency or credit is “created out of thin air”, though a very good documentary. The first video he covers money’s functions, there are three. (1) A medium of exchange (where money is used to buy goods and services). (2) A store of value (transfers purchasing power from the present to the future). (3) A unit of account (sets prices quoted and debts recorded).


Resources

Hidden Secrets of Money website <https://www.hiddensecretsofmoney.com/videos>.

Featured image supplied from Unsplash.

Copyright © 2016 Zoë-Marie Beesley

Creative Commons License Licensed under a Creative Commons Attribution 4.0 International License.

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