Money Is Debt

Money Is Debt

0 0 2 mesi fa
How most money, such as currency, bank deposits, money market mutual funds, and repurchase agreements, is really short-term debt, often backed by other debt. As a result, money is subject to runs when investors lose confidence and don't want to own it. That can lead to financial crises.

Topics covered in this episode include:How counterfeiting currency works.Why most money is debt backed by debt.How a loss of confidence in money leads to bank runs and other financial crises.How demand for ... Maggiori informazioni

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