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zakruti.com » Knowledge, science, education » TED-Ed
What gives a dollar bill its value? - Doug Levinson

What gives a dollar bill its value? - Doug Levinson

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Rating: 4.0; Vote: 1
The value of money is determined by how much (or how little) of it is in circulation. But who makes that decision, and how does their choice affect the economy at large? Doug Levinson takes a trip into the United States Federal Reserve, examining how the people who work there aim to balance the value of the dollar to prevent inflation or deflation. Lesson by Doug Levinson
Date: 2020-08-22

Comments and reviews: 9


Of course, it makes one feel like one understands the whole thing, haha, the juxtaposition of the money in circulation and the goods and services, but there must be a decision to lower the price or to increase the price of the goods and services, etc, which I suppose would happen if the people who can buy such goods and service have more or less dough available to purchase them. but it's not like those goods and services just change their prices on their own, haha, automatically because of the amount of money in circulation. at any rate, I never really understood all of that terribly well.
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If the Fed has a responsibility to manage and balance the circulation of money to ensure it doesnt go to inflation or deflation, how can the Fed now prints unlimited money? Doesn't that mean it will lead to inflation?
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It is the main reason why the world in poverty. because all their basic need in the USD value where their wages is in local currencies. how can they do this?
Petro dollar only benefit Rich people and White Countries.

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Its determined by people who give said currency trust, in all reality its just a tree and people saying its a form of currency is questionable and only has worth if the government says it has worth.
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A dollar bill is just 'IOU 100 1 DOLLAR COINS'
And instead of actually giving those coins, its just handier to exchange the paper for stuff instead of logging about 100 coins.

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The wise stay financially stable by spending less and investing more and the unwise remains poor by spending more and yet not investing like the wise ones do.
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I wish I had a nose big enough to stand the smell of a printing machine working 24/7 in a basement, otherwise I would be just as rich as a Rottenschild
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