Hi folks !!!

I remember the days when I used to talk with my friends about the money. I mean not about jobs or how to get it but there was a curiosity on money itself, something like how the Central bank prints it and circumstances behind the whole process. Most of my friends were also not sure about how it works; therefore most often we end up such discussion with linking it to the gold. By now I have realized that it’s not only me, so many people do not know the notion of money.

It’s interesting that I now understood how this modern money or piece of paper works in real world. Therefore I’m sharing core idea behind money with you guys, so that you can also understand that there is no such mystery on money… hopefully.  I’m now studying Master in Cooperation and Development. I had course on macro economics in preliminary module and now dealing with development economics. There was a lecture focused on idea behind money last week.

If I start reflecting the whole lecture, I’m sure you gonna close this blog and check who is commenting on your last facebook status.  So I’m sharing a video from the youtube (below), which is pretty close to the lecture that I had. Video is 47 minutes long, so consider your time too.

As of now, I understood Money is all about DEBT. If you think, I’m wrong or I need to learn much more on it, feel free to comment on this blog post.

Ciao