Smash Notes

How Is Interest Rate Used to Control the Value of Money

at 10:11

From the episode: Milton Friedman on Money

According to Milton Freedman, the Central Bank uses short-term interest to control the value of money by controlling how much trading of securities and bonds can happen on the open market.

EconTalk · Milton Friedman on Money · at 10:11 · ·Transcript

People

Plays this note, then the next one on the page.

Weekly highlights

One letter a week.

The notes worth hearing, with the minute they were said.