Money and rates
1:33What is money?
From barter to fiat money: what money does, why it works, and what inflation is.
1:44Money and gold
Why gold was money, how paper receipts and the gold standard worked, why it ended in 1971, and why gold is still stored today.
1:28How exchange rates work
The price of one currency in another: why we need it, what moves it, and who it helps or hurts.
1:31Why US rate hikes shake the world
How a Federal Reserve rate hike pulls money into the dollar and squeezes currencies, debts and growth elsewhere.