49 | Monetary Policy
Monetary policy is the means through which a government, typically through a central bank, influences a nation's money supply.
This short video is an introduction to the Federal Reserve.
This video focuses on monetary policy as practiced by the Federal Reserve Bank.
Learn how monetary policy works by taking charge of a simulated economy.
A 70-year-old man with a bad cold and many mistresses, a nation that's ambivalent about a central bank, and a secret meeting on an island. Today on the show: The origin story of the Federal Reserve.
For much of the 70s inflation was bad. Prices rose at over 10 percent a year. Nothing could stop it — until one powerful person did something very unpopular. Today's show: How we beat inflation.
This video focuses on monetary policy as practiced by the Federal Reserve Bank.
A 70-year-old man with a bad cold and many mistresses, a nation that's ambivalent about a central bank, and a secret meeting on an island. Today on the show: The origin story of the Federal Reserve.
This short video is an introduction to the Federal Reserve.
Fractional reserve banking is a banking system in which only a fraction of bank deposits are backed by actual cash on hand and are available for withdrawal.
The penny is basically worthless. Actually, it's worse than worthless. It costs the U.S. government about 2 cents to produce every penny
Prof. Steve Horwitz addresses the common belief that the world is running out of natural resources. Instead, there are economic reasons why we will never run out of many resources
The power of institutions illustrated. But what causes institutions? Can we change institutions?
This episode of Planet Money explores the self-inflicted implosion of Venezuela's economy.
In 1978, a group of farmers in a Chinese village called Xiaogang wrote a secret contract and hid it in the roof of a mud hut.
Trust cannot be underrated as an important source of growth and economic development. Here is a look at what we know. Lesson: culture really matters!
In the early seventies, Chile, under Marxist President Salvador Allende, was plagued by inflation, shortages, and a crushing deficit. After a violent coup in 1973, the economy became the military's problem.
Chile is one of the wealthiest, most stable economies in South America. But to understand how Chile got here--how it became the envy of neighboring countries --you have to know the story of a group of Chilean students who came to study economics at the University of Chicago. A group that came to be known as the Chicago Boys.