[vsw id=”opwhOwJygDA” source=”youtube” width=”611″ height=”344″ autoplay=”no”] The Fisher effect was developed by an economist named Irvin Fisher. This effect is directly connected to the neutrality of money. It states that the real interest rate is stable in an economy and…

[vsw id=”opwhOwJygDA” source=”youtube” width=”611″ height=”344″ autoplay=”no”] The money creation process is very helpful in understanding the role of money in the economy. The strength of money creation is influenced by the amount kept in the bank as a reserve for…