Author: Skillabration via YouTube
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In Season 2, Episode 2 of the Skillabration Podcast, Nikki reviews what money is and explains how money is a form of expression, which ultimately leads to financial freedom. As the lesson progresses, students will learn about the history of central banking in the US and the effect monetary policy has on inflation.

Buckle up! This is quite the lecture.

Grab the curriculum here: https://www.teacherspayteachers.com/Product/US-Monetary-Policy-and-How-It-Affects-Financial-Freedom-Homeschool-Curriculum-12494825

Grab the Financial Literacy Bundle Here: https://www.teacherspayteachers.com/Product/Homeschool-Financial-Literacy-Curriculum-12529441

Time Stamps
00:00 – Introduction
01:12 – Disclaimer to Parents
2:04 – Lesson Overview
2:52 – Recap of Lesson 1
3:35 – Warm-up Questions
4:14 – Money Is a Form of Expression
6:16 – How do people view money?
7:38 – Abraham Maslow – Hierarchy of Needs
9:08 – Envision your Future
9:44 – Money as Expression
12:02 – The Middle Class Is Shrinking
14:28 – Inflation
16:02 – Wages and Inflation
16:37 – Case Study: Americans’ pay hasn’t fully recovered from inflation. Will it ever?
21:27 – How Our Current System Hinders Us
22:42 – How can you attain the American Dream with this type of monetary policy?
23:10 – What’s causing inflation?
24:13 – Inflation and Doing Good Research
24:28 – Central Banking
26:13 – Iterations of Central Banking
29:52 – Preparing for a Central Bank
30:46 – The Federal Reserve 1913-Present
31:48 – The Federal Government and The Federal Reserve
32:27 – My Research Findings
33:12 – Central Banking, Monetary Policy, and Economics
33:44 – What is quantitative easing?
37:23 – Don’t trust the first answer Google gives you
37:40 – Connection Between Money Printing and Inflation
38:08 – Does Keynesian economics require money printing?
38:59 – Is quantitative easing printing money?
39:17 – My Research Findings Part 2
40:07 – Central Banking, Monetary Policy, and Economics Continued
40:17 – Is QE printing money?
43:13 – What happens with quantitative easing?
44:58 – Quantitative Tightening
45:18 – Summary/Conclusion
45:51 – What is one to do?
46:03 – Recipe for Success
48:08 – What will we be discussing next in Season 2 of the Skillabration Podcast?

Resources
The Hidden Cost of Money by Seb Bunney https://amzn.to/4029Ffj

How 10 Influential Economists Changed America’s History, Investopedia
https://www.investopedia.com/articles/07/economists.asp

Economic Research: A QE Q&A: Everything You Ever Wanted To Know About Quantitative Easing Chief Global Economist and Head of Global Economics & Research: Paul J Sheard, New York
https://www.hks.harvard.edu/sites/default/files/centers/mrcbg/files/PSheardQEQAAugust2014.pdf

History of the Federal Reserve https://www.minneapolisfed.org/about-us/our-history/history-of-central-banking

What Causes Inflation & Price Increases? https://www.investopedia.com/ask/answers/111314/what-causes-inflation-and-does-anyone-gain-it.asp

What is Quantitative Easing? https://www.investopedia.com/terms/q/quantitative-easing.asp

Study: American pay hasn’t fully recovered from inflation. Will it ever?
https://www.bankrate.com/banking/federal-reserve/wage-to-inflation-index/?tpt=b

Inflation vs. wages: How rising prices stack up against growing pay https://www.nbcnews.com/business/economy/inflation-higher-biden-rising-pay-makes-rcna158569

Both Sides of the Ledger: Wage Growth Beating Price Growth Now for 15
Months in a Row https://www.whitehouse.gov/cea/written-materials/2024/06/12/both-sides-of-the-ledger-wage-growth-beating-price-growth-now-for-15-months-in-a-row/

Measuring Inflation Correctly with Peter St. Onge, PhD. https://x.com/profstonge/status/1846891411737596010

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