Release Date

03 Mar, 2026

Total Episode/Season

8/1

Synopsis

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.

Original Title

Monetary Theory

Photos

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Course 1

03 Mar, 2026

Created By

Lawrence H. White

Actors

Lawrence H. White

Crew

Lawrence H. White