Week 2 — Lectures 2 & 3, Reading 1

We're discussing the following for week 2:

Lecture 2: The Natural Hierarchy of Money

Lecture Notes
This lecture provides an overview of the whole course. If you've done the MOOC before, it should feel familiar.

Lecture 3: Money and the State: Domestic

Lecture Notes
We practice the balance sheet notation by using it to describe Civil War finance and features of the US banking system leading up to the creation of the Fed.

Reading 1: Four encyclopedia chapters by Allyn Young

Study Questions
Young, writing in the 1920s has a particular perspective on the nature of money and credit, as well as the purpose of banking.

Money and Banking Summer 2021 Reddit Master Thread