Category Archives: Econ YouTube

Illustrating Fed Strategies

A great way of understanding the Federal Reserve’s monetary policy actions is to use a graphical representation of the market for reserves. Frederic Mishkin’s textbook on money and banking is an excellent print resource. Meanwhile, Mark Thoma illustrates the model, and Fed policy changes, in this YouTube clip:

I love the internet.

HT: David Beckworth

Prisoner’s Dilemma

The prisoner’s dilemma illustrated via YouTube:

HT: John Taylor

UPDATE: Scott Sumner writes, “I’ve never been more proud to be human.”

Friedman’s Birthday

Today, July 31, was Milton Friedman’s birthday. Here is a clip of Milton Friedman, at his best, 30 years ago:


I have previously discussed Ms. Kaptur’s views on trade here.

HT: Three Sources