Monetary Theory - Season 1 Episode 4 The Fiat Standard
In lecture four, we explore fiat money—currency created by government decree rather than commodity backing—tracing its rise after wartime suspensions of the gold standard and the shift to central bank control of the money supply. We examine the quantity theory of money, showing that increases in money supply drive price levels and make central banks responsible for inflation. The lecture concludes that institutions like the Federal Reserve control inflation through monetary policy, challenging alternative explanations such as deficits or “greedflation” as primary causes of inflation.
Year: 2026
Genre: Documentary, Talk
Country:
Studio:
Director: Lawrence H. White
Cast: Lawrence H. White
First Air Date: Mar 03, 2026
Last Air date: Mar 03, 2026
Season: 1 Season
Episode: 8 Episode
Runtime: 26 minutes
IMDb: 0.00/10 by 0.00 users
Popularity: 0.7646
Language: English
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