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

Level: beginner
John Kenneth Galbraith | BBC, CBC, KCET and OECA, 1977
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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