What Is Money?

[@MarginalRevolutionUniversity]

VIDEO UPDATE: Since May of 2020, M1 also includes savings deposits.

[@sarahwheelwright4814]

Thanks for the Update! 👍

[@captaincaption]

Thank you for the update!

[@dwaindibley4137]

Momey Market Funds accounts were moved from M2 to M1, savings deposits remain as M2.

[@jvb5590]

Your graphics are getting better, Marginal Revolution University - I look forward to seeing further improvements. Keep it up!

[@guruprasadhneelakandan2005]

Can you please do a video about cryptocurrency?

[@YOLO-IN]

please tell me you bought btc ??? lol

[@alparslankorkmaz2964]

Nicely explained.

[@gonzaloMR786]

So the monetary base can be defined as M0 + the reserve deposits of commercial banks at the central bank? Thanks!

[@musarra195]

Great refresher videos. Thank you

[@mrziko4370]

Thinks

[@vaibhavgupta20]

he's back.

[@preplan1]

Rationing device

[@kenwiley8453]

Credit Issuer's Sometime Have Middleman Markets Before Debt Security is Purchased by Credit Issuer's

[@kenwiley8453]

Before Bank Accounts Bookeepers Record Keepers Physically Wrote Credit Rather than Keystroke via Electronic Infrastructure

[@Checkpoint33333]

for granite

[@Checkpoint33333]

for granite

[@tylerleemyles9592]

are coupons and gift cards considered money?

[@josiahwillemse3514]

I would say so because they are a widely accepted means of exchange.

[@simonsarevski6532]

Alex man, throw that tie in the trashcan pls :) cool video btw

[@mustavogaia2655]

the jacket is at least one size bigger - not in equilibrium point. And patterns coordination depends on similar color pallete - simmetry in information exchange. Good video but terrible outfit. I cannot condone - moral hazard in flexing regulation.

[@logangleeson2927]

stfu

[@hoangquan977]

Thank you ,good👍

[@Crispychickenparm]

thx

[@salihumohammedauwal7370]

good

[@kenwiley8453]

Assets Can Become Liabilities

[@kenwiley8453]

Money Has a Duelistic Nature

[@easylearningwithbaba1042]

and what about credit cards? are they money?

[@hazadus3]

Not until you spend it

[@sustany]

This is not nuanced enough to describe 'money' and is using legacy understanding which conflates 'money' and 'currency'. These terms are on different semantic levels: money refers to the agreement or legal element whereas 'currency' refers to its (technical) function. More detailed here: www.linkedin.com/pulse/cryptocurrencies-dollars-cigarettes-christian-kameir/

[@ivanbreak]

Now can you explain why construction worker is payed low and basketball player high ?

[@scotiacrumpler2824]

Because millions of people will pay to watch a highly skilled basketball player play basketball, because they find it entertaining, and they won't pay to watch a construction worker because they don't find it entertaining. It's more complex than that, but that's the simple explanation.

[@VickoSenoSaden]

Debt-to-GDP ratio please

[@Mujangga]

All I have is a Savings Account and I can buy things from it using a debit card.

[@nicolaspadron7511]

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[@neno56527]

Currency is currency Gold is money

[@tofikmohammed]

Currency is not money

[@sajisnair9354]

How to you in erath 👉🤸🚶

[@Sharonli23345]

CD lol

[@uawsux]

Great video for a 14 year old but a sixteen-year-old wouldn't buy it

[@musicsubicandcebu1774]

Aggression

[@Pir44tti]

It didn’t fundamentally answer the question.

[@preplan1]

Rationing device :)

[@Spaceddout]

Gold is money!

[@vinigasparini]

It most certainly was and could still be used as such.

[@emperoralvis6559]

Straight White Male Gold is worth more than any fiat paper that’s printed. In other words, it’s better than “money”

[@dinsel9691]

@@emperoralvis6559 Gold is worth more than money? KZbin comments comedy from retards is fantastic.

[@bradenalexandertoomey]

Money is by far nothing you've stated though. True Money must have intrinsic value. So actually, jewelry is closer to being money than cash. I'm disappointed in this video for defining currency as money.

[@Jesse-zp8lh]

This is mostly wrong, or at the very least misleading, and the next video covering the money multiplier even more so. Sad that this information is shared by reputable economists as true. Authors, please see “Money creation in the modern economy“ by the Bank of England, and revise or delete these videos.

[@MarginalRevolutionUniversity]

Jesse, Thanks for your comment. We are planning to release videos that cover the newer tools the Fed uses to influence the economy, including paying interest on reserves, QE, etc. They are coming out in the fall. I think the money multiplier is still a useful tool to help think about fractional reserve banking and the money supply (which that Bank of England pdf says as well). However, I agree that thinking about reserve levels as the binding constraint to lending is an incomplete picture of the modern economy. Hence why we're adding videos. -Roman