Discussion — Lecture 3: Money and the State: Domestic

This session covers Lecture 3: Money and the State: Domestic. The lecture gives us some practice using balance sheet notation to describe some of the historical US banking structures from the Allyn Young reading. This includes the National Banking System, which was the precursor to the Fed, as well as mechanism that Treasury Secretary Salmon P. Chase to suck all the gold out of the private banking system and fund the Civil War.

Lecture Notes

Money and Banking 2022 INET ED Master Thread
Lecture 3 Discussion Thread