Unraveling the Mysteries of Money

Harald Uhlig together with I did a fun interview run past times Gideon Magnus (Chicago PhD) at Morningstar. We verbalize nearly the foundations of coin , financial theory , monetary policy , European debt problems , etc. Gideon framed it good , together with Harald is actually sharp. Somebody combed my hair. A cleaned upward version of the interview appeared inward the Morningstar Advisor Magazine (html) (A prettier pdf)



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The video starts a lilliputian abruptly , every bit it left out Gideon's thoughtful introduction (it's inward the Magazine) and framing question:

Gideon Magnus: I desire to hash out the value of coin together with the thought that coin is valued similarly to whatsoever other asset. Are in that place actually assets backing money? If together with then , what are they? John , delight explain.