Monetary policy: The best case scenario

Note: This is post #122 in a weekly video series on basic economics. Imagine that you’re the Fed and monetary policy is your domain, says Alex Tabarrok. The economy has been doing fine: inflation isn’t too high, GDP is growing at a reasonable rate. Continue Reading...

When the Fed does too much

Note: This is post #122 in a weekly video series on basic economics. If you think through all of the variables that shape a country’s economy, it’s no wonder that monetary policy is difficult, says economist Alex Tabarrok. Continue Reading...

What is the money multiplier?

Note: This is post #118 in a weekly video series on basic economics. What happens when you deposit money in a bank? Because of government requirements, the bank must keep some but it allowed to lend out the rest. Continue Reading...

The U.S. money supplies

Note: This is post #117 in a weekly video series on basic economics. What exactly is money? That may seem like a really simple question, but it’s actually kind of complicated, notes economist Alex Tabarrok. Continue Reading...

Game of Theories: The Austrians

Note: This is post #116 in a weekly video series on basic economics. The Austrian school of economic thought emphasizes market price signals and how they communicate decentralized information in an economy, says economist Tyler Cowen. Continue Reading...

Game of Theories: The Monetarists

Note: This is post #114 in a weekly video series on basic economics. A monetarist is an economist who holds the strong belief that the economy’s performance is determined almost entirely by changes in the money supply. Continue Reading...