Hands down, the Economics of Money and Banking course by Perry G Mherling is the best resource.
Resources to understand deeply how money works?
11–20 of 26 posts
Re: Resources to understand deeply how money works?
#12What has Government Done to Our Money - Murray Rothbard.
Read it and you will understand money better than 99.9% of the population, including most economists.
Re: Resources to understand deeply how money works?
#13I have heard good things about David Graeber’s book “Debt: the first 5000 years.”
Please no. It might teach you about quaint cultural practices of remote tribes but it's completely useless for understanding how money works in the real world.
Anthropologist writes anthropology book about the anthropology of debt, currency, and money.
Graeber's great crime is debunking the myth that barter predates money. The historical and anthropological records show that debt precedes currencies. Further, known instances of barter emerge when a society's monetary system implodes. Academia and pundits should update their narratives accordingly.
Among many impact observations, the bits about debt crises stands out. Spoiler: recurring crises and debt forgiveness is the historical norm. Academia and pundits should update their narratives accordingly.
Graeber does not discuss finance, economics, accounting, monetary policy, etc. Because it's all out of scope. And outside of Graeber's fields of study.
Re: Resources to understand deeply how money works?
#14Easy - Central Banking 101 by Joseph Wang. You’re welcome.
Re: Resources to understand deeply how money works?
#15Earlier quoted context omitted.
Please no. It might teach you about quaint cultural practices of remote tribes but it's completely useless for understanding how money works in the real world.
Anthropologist writes anthropology book about the anthropology of debt, currency, and money. Graeber's great crime is debunking the myth that barter predates money. The historical and anthropological records show that debt precedes currencies. Further, known instances of barter emerge when a society's monetary system implodes. Academia and pundits should update their narratives accordingly. Among many impact observat…
> Anthropologist writes anthropology book about the anthropology of debt, currency, and money.
In which he misinterprets the history and ideas of mainstream economics, calls the safest securities on the planet a debt that will never be paid and spins bizarre conspiracy theories about the Iraq invasion.
> Graeber's great crime is debunking the myth that barter predates money.
This bullshit defense again. And the people who keep spouting this are happy to ignore what Graeber actually says about textbook descriptions of barter:
It's important to emphasize that this is not presented as something that actually happened, but as a purely imaginary exercise. To see that society benefits from a medium of exchange" write Begg, Fischer and Dornbuch (Economics, 2oos), "imagine a barter economy. " "Imagine the difficulty you would have today," write Maunder, Myers, Wall, and Miller (Economics Explairzed, 1991)...
Economics textbooks discuss barter as a thought experiment to hilight the utility of money. They don't care about the historical origins of money because they are out of scope and outside of field of study of economics. Graeber builds a nonsensical thesis based on the assumption that the whole of economics rests on this myth of barter.
> Graeber does not discuss finance, economics, accounting, monetary policy, etc.
Which makes Debt completely useless for someone like OP who is looking for Resources to understand deeply how money works.
Re: Resources to understand deeply how money works?
#16Earlier quoted context omitted.
Anthropologist writes anthropology book about the anthropology of debt, currency, and money. Graeber's great crime is debunking the myth that barter predates money. The historical and anthropological records show that debt precedes currencies. Further, known instances of barter emerge when a society's monetary system implodes. Academia and pundits should update their narratives accordingly. Among many impact observat…
> Anthropologist writes anthropology book about the anthropology of debt, currency, and money. In which he misinterprets the history and ideas of mainstream economics, calls the safest securities on the planet a debt that will never be paid and spins bizarre conspiracy theories about the Iraq invasion. > Graeber's great crime is debunking the myth that barter predates money. This bullshit defense again. And the peopl…
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Re: Resources to understand deeply how money works?
#17Check this out: https://youtu.be/puIAG8ienB8
Economics of Money and Banking | Coursera
I think it as basic and as deep as it gets and a great teacher Perry Mehrling
Re: Resources to understand deeply how money works?
#18Khan Academy - https://www.khanacademy.org/economics-finance-domain
Re: Resources to understand deeply how money works?
#19Understanding money doesn't make you earn more money. Read Nassim Taleb
Re: Resources to understand deeply how money works?
#20[deleted]