Federal Reserve Bank of New York

Presents a fable about the island kingdom of Mazuma and the growth of its economy from barter to a sophisticated modern system, with its own central bank, to illustrate basic concepts of barter, money, banking, and inflation.

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Tags: Accumulation Capital, Bank Failures, Banking, banking system, Economics, Fiat currency, History, Hyperinflation, Investment, Paper Currency, paper money, Political Economics