Lesson 11 Lesson 11: The National Economy, Part 2
Presented by: Dr. Daniel Hammond
Wake Forest University
Aggregate Economic Analysis II
The money and banking system is at the heart of the international economic order. Understanding how they work is essential to understanding how markets work. In this lesson you will learn several basic accounting concepts, as well as how to identify what inflation and recession are. Inflation robs your wealth, appreciating its lessons is in your best interest.
While money is not wealth—otherwise the government could make us all twice as rich by simply printing twice as much money—a well-designed and well-maintained monetary system facilitates the production and distribution of wealth.
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