Video: What gives money its value?

In this video, provided by TED-Ed, you learn about how money was linked to gold and then became so-called “fiat money”. You also find out about the roles of reserve banks, such as the FED in the USA and the ECB in the European Union. Finally, the video describes to you the risks of inflation and deflation. Which one is worse?

Source: Get the full knowledge from TED-Ed

Thanks for rating this! Now tell the world how you feel - .
How does this post make you feel?
  • Excited
  • Fascinated
  • Amused
  • Bored
  • Sad
  • Angry


The team finds the most valuable information on the web for you. Be sure to check us out daily for videos, quotes and much more!

  • Do you think that it’s a good idea to increase inflation in order to boost the economy? After all, stuff becomes more expensive then…

Images fall under the Creative Commons licence or are the authors' own work. Old Paper by