How Does Money Work?
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**** Friends, humans, this episode almost didn't happen at all! Enjoy listening to all my podcast woes in the beginning. And, if you listen closely during the first few minutes, you will hear the jingle of bells - that's Nino! She makes her podcast debut after all. ****
Today we're talking money! Learn what you probably already learned in high school but have since forgot, all about the US economy, currency, and how our money works.
Sources:
https://www.investopedia.com/articles/investing/092413/how-currency-works.asp#:~:text=The%20United%20States%20is%20just,denomination%20cheaper%20for%20foreign%20investors.
How Currency Works By DANIEL KURT Updated May 31, 2022
Reviewed by MICHAEL J BOYLE Fact checked by KIRSTEN ROHRS SCHMITT
https://money.com/what-is-fiat-money/
What Is Fiat Money? By: Money Staff Editor: Jill Cornfield
Fact checked by: Lawrence Carrel Published: Feb 13, 2023
https://www.usgoldbureau.com/news/us-dollar-fiat-currency
How Did the U.S. Dollar Become a Fiat Currency?
September 27, 2022 Ryan Watkins, Op-Ed Contributor
https://portal.ct.gov/DOB/Consumer/Consumer-Education/ABCs-of-Banking---Banks-and-Our-Economy
ABCs of Banking From Connecticut’s Official State Website
Provided by the State of Connecticut, Department of Banking, based on information from the Conference of State Bank Supervisors (CSBS)
https://www.businessinsider.com/heres-how-much-us-currency-there-is-in-circulation-2018-4
Here's how much US currency there is in circulation?
Jeff Desjardins, Visual Capitalist Apr 18, 2018, 6:30 PM CDT
https://www.econ.iastate.edu/node/673
Why can't we just print more money, since it really isn't representative of anything of value?
Ask an Economist
Answered by: Joydeep Bhattacharya Professor
https://www.imf.org/external/pubs/ft/fandd/2012/09/basics.htm
Back to Basics What Is Money?
FINANCE & DEVELOPMENT, September 2012, Vol. 49, No. 3
Irena Asmundson and Ceyda Oner International Monetary Fund