NDL-204: Money (J-term 2004)
- Why does the U.S. continue to honor old bills? The Federal
Reserve could, for instance, insist that previously issued
currency be submitted in exchange for new bills by a specified
deadline. How does the European Union deal with the issue?
- How could we issue a Gustavus currency in such a way that the
currency is exchanged and has value?
- What defines price gouging? What's fraud and what's just shrewd?
- What are micropayments?
What issues are important for micropayment systems? What
cryptographic techniques are available for addressing privacy concerns?
- How, exactly, is the pollution credit system run? Who determines
how many credits are in circulation, and who gets the first credits?
How much do companies have to pay for the credits issued. How has
the price of credits fluctuated with time and why?
- What are futures and derivatives? Describe how a homeowner's
mortgage is divided other marketable derivatives. Who buys these
derivatives and why?
- How did Bush get wealthy?
- Describe Hunt's cornering of the silver market. How has his legacy
affected commodities today?
In addition to any handouts we distribute, you should complete the following:
- Tuesday: Read Greenback, Chapters 1-4, pages 1-73.
- Wednesday: Read Greenback, Chapters 5-9, pages 74-173
- Thursday: Read Greenback, complete through chapters 10, page 198
- Friday: Read Greenback, Chapters 11-12, pages 199-244
- Complete Boggs: A Comedy of Values
- Wednesday: Complete Greenback.
- Complete Bombardiers by Monday.