
In Monetary Theory, a nine-hour course, Dr. Lawrence White explores the debate between market-based and government-controlled monetary systems, combining theory with historical evidence from gold standards to modern fiat currencies. We examine how money can emerge through market forces, the mechanics of fractional-reserve banking, and how central banks influence inflation. The course also addresses banking stability, market failure arguments, and the causes of inflation, including seigniorage. It concludes by evaluating monetary policy rules, inflation targeting, and alternatives like Bitcoin, and asks whether sound money requires commodity backing or if proper institutional design can achieve stability in fiat systems.
Lawrence H. White
No episodes found for this season.

Egypt: Land of the Gods
2002

재미있는 역사이야기
2015

Invitation Au Voyage
2017

Volcano Stories
2019

Line of Fire
2002

Digging for Britain
2010

Engineering an Empire
2005

Expedition with Steve Backshall
2019

Academy Reincarnation
2023

Once Upon a Time... Life
1987

Lorraine Kelly’s Norwegian Odyssey
2026

100 Years Ago: From Berlin to the World
2025