How Does Money Work?

**** Friends, humans, this episode almost didn't happen at all! Enjoy listening to all my podcast woes in the beginning. And, if you listen closely during the first few minutes, you will hear the jingle of bells - that's Nino! She makes her podcast debut after all. ****

Today we're talking money! Learn what you probably already learned in high school but have since forgot, all about the US economy, currency, and how our money works.

 Sources:

https://www.investopedia.com/articles/investing/092413/how-currency-works.asp#:~:text=The%20United%20States%20is%20just,denomination%20cheaper%20for%20foreign%20investors.

How Currency Works     By DANIEL KURT     Updated May 31, 2022

Reviewed by MICHAEL J BOYLE     Fact checked by KIRSTEN ROHRS SCHMITT

https://money.com/what-is-fiat-money/

What Is Fiat Money?     By: Money Staff       Editor: Jill Cornfield     

 Fact checked by: Lawrence Carrel     Published: Feb 13, 2023

https://www.usgoldbureau.com/news/us-dollar-fiat-currency

How Did the U.S. Dollar Become a Fiat Currency?

September 27, 2022     Ryan Watkins, Op-Ed Contributor

https://portal.ct.gov/DOB/Consumer/Consumer-Education/ABCs-of-Banking---Banks-and-Our-Economy

ABCs of Banking     From Connecticut’s Official State Website

Provided by the State of Connecticut, Department of Banking, based on information from the Conference of State Bank Supervisors (CSBS)

https://www.businessinsider.com/heres-how-much-us-currency-there-is-in-circulation-2018-4

Here's how much US currency there is in circulation?

Jeff Desjardins, Visual Capitalist Apr 18, 2018, 6:30 PM CDT

https://www.econ.iastate.edu/node/673

Why can't we just print more money, since it really isn't representative of anything of value?

Ask an Economist

Answered by:   Joydeep Bhattacharya   Professor

https://www.imf.org/external/pubs/ft/fandd/2012/09/basics.htm

Back to Basics     What Is Money?

FINANCE & DEVELOPMENT, September 2012, Vol. 49, No. 3

Irena Asmundson and Ceyda Oner     International Monetary Fund