See this short video from 1967 that predicts that by 1999, we will be shopping at home from our own computers. We'll also be paying our bills, accessing bank statements, and reading electronic mail. These are very interesting--and generally correct--musings from a time in which most transactions were conducted in cash, the dollar was weakly tied to gold, the euro existed only in theory, and banks earned money via fees from checking accounts and interest on commercial loans.
Monday, September 10, 2007
Class Description
Prequisites: EC 221, 222. Topics in monetary policy, theory, monetary standards, the origin of money, financial markets, interest rates, time preferences, the history of banking, the commercial banking system, central banking, and the Federal Reserve System are covered. This web site includes questions, problems, news items, and analysis that pertains to class discussions, as well as other announcements and notes.
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