In this Scene, I explain the basics of interest rates, how they work, and how the Federal Reserve is able to change them through means of the money supply. In addition, I discuss how interest rates changed over the last two decades, and how these changes may have played a part in contrinbuting to the current economic crisis. (NOTE: I dont get into detail about the Federal Funds or Discount RateI might add another podcast to explain that).
this is really great, thanks!
mathiasgreg 1 month ago
Thanks so much for posting this, this video was very helpful in explaining the rationality behind Greenspan's initial lowering of interest rates. I am just starting to learn about finance, and your simple format made the concepts very clear for a beginner like me. Thanks!
stephsimon01 1 year ago