Here is a video of the Monty Python Money Song. It does not tell us much about economics, but it is entertaining. Which currencies mentioned in this video no longer exist and why? Is there anything as wonderful as money?
A cartoon
and song from School House Rock explains barter and why
money replaced it. One quibble--it says that coins were
invented in Mesopotamia. Most sources say it was Lydians,
inhabitants of an area in what is now western
Turkey.
Duck
Tales Inflation is an old cartoon
(with some commentary added in this version--I could not
find a clean version) in which the nephews of Donald Duck
get access to a machine that will duplicate anything. They
use it to create massive amounts of money, illustrating that
the value of money depends on its amount.
You might wonder why they used the
machine only on money. What would have happened if they had used
it on goods rather than on money?
Irving Fisher was one of America's best
economists at a time when British economists dominated the
profession. Many of his ideas are still in use today.
However, he made some stock predictions, which are shown in
this clip,
that were wrong, and those predictions have had a
disproportionate weight on his reputation. Do you notice how
poorly he fares on video? Do you think he was better
lecturing?
