Burgess COMMENTARY

Peter Burgess

Money and Society Lesson 1: The Nature of Money

ploaded on Feb 5, 2015 This is a video version of lesson one of the Money and Society free online course from IFLAS. For the notes and references, use the powerpoint file. The following video links are included:

Slide 4: Gold Standard Institute, Understanding Money, part 1 – the Origin of Money https://www.youtube.com/watch?v=1Wd6M...

Search google news for “Back to Barter” to see the contemporary usage of this story: https://www.google.com/?gws_rd=ssl#q=...

Slide 16: Friendly explanation of mutual credit https://www.youtube.com/watch?v=YvegN...

Slide 30: Robert Kennedy in the 1960s talking about GDP: https://www.youtube.com/watch?v=t6U2i...

Slide 33 Money as Debt Simple animation explaining how the goldsmith invented fractional reserve. Watch to minute 9:50, which is just over 3 mins. https://www.youtube.com/watch?v=jqvKj...

Money as Debt III More excellent explanations including the role of legal tender, 9 mins https://www.youtube.com/watch?v=Eg5N_... M

American Dream lively animation, 3 mins https://www.youtube.com/watch?feature...

Positive money Banking 101, What's wrong with the money multiplier? Visual explanation and debunking of fractional reserve banking, 8 mins https://www.youtube.com/watch?v=SkAzD...

Slide 34 Positive Money Banking 101 part IV http://www.positivemoney.org/how-mone...

https://youtu.be/FRNHdJGBATE

More information on the MOOC is at: http://iflas.blogspot.com/2014/12/mon...