Money 101: The Types of Money

Words
85
Reading
1 min
Listen
Play
3y


We have to realize there are different types of money within different segments. There are three that I often point to:

  • central bank money
  • commercial bank money
  • eurodollar system money

These are three distinct part of the global economy and money is created in ways that most do not realize.

In this video I discuss the issue with people (mostly economists) talking about theories when they do not even understand the basics of money in this era.


鈻讹笍 3Speak