Today we started off with a quote, "Give me control over a nation's currency and I care not who makes its laws." The students discussed it for a bit before writing their thoughts in their commonplace book.
We continued to wrap up Maybury's penny book. Today's chapter dealt with the economic fallacies of the Great Depression and WWII.
We looked at "fractional reserve banking in one picture", continued to discuss the Federal Reserve's role in fractional reserve banking, and we followed this up with an actual publication of the NY Fed titled The Story of Banking.
We talked about the breaking news: the Fed announced its decision to practice some more quantitative easing, to the tune of $900 billion.
