What effect does increasing the money supply have on the economy? A video summary of The Role of Monetary Policy by Milton Friedman, part of a larger playlist on the world's greatest ideas, discusses the problems that might arise from increasing the money supply. The video uses an analogy of lions at a zoo to help make the point clear.

Concepts

the economy, the global economy, monetary policy, economic policies

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Additional Tags

english language arts

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Instructional Ideas

• Before watching the video, predict the effect that increasing the money supply would have on an economy and discuss why governments might make that decision
• Draw pictures or comic strips to help illustrate Friedman's theory on monetary policy

Classroom Considerations

• Requires an understanding of key terms such as money supply and inflation

• This video is hosted on YouTube

Pros

• Provides illustrations and examples to help make Friedman's theory more accessible to learners
• Offers clear and well-paced narration

Cons

• Text boxes occasionally appear on the video, making it difficult to focus on content

Common Core

RH.9-10.2 RH.9-10.10 RH.11-12.2 RH.11-12.10