How Money Works: The Facts Visually Explained (DK , 2017)

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  • Equity: primary market is private funds, secondary market is exchange, 3rd and 4th market for investors
  • Scalping: hold position for just a few seconds or minutes
  • Counterparty risk: e.g. investment bank invest in other company that fails
  • Multiplier effect: financial institute only hold 5% reserve and lend out 95%
  • Recession: less spending from consumer = less goods produced = less workers = less investment opportunities
  • Depression: sustained period of deep recession; everyone keep holding their money
  • Quantitative easing: the introduction of new money into the money supply by a central bank
  • Main economic indicators: inflation, growth, unemployment, wages
  • Interest rate increase = less spending; interest rate decrease = more spending
  • Negative interest rate policy: to encourage spending by having to pay to deposit money in the bank
  • Pigouvian taxes: tax match the cost of harm done (e.g. sugar or tobacco)
  • 18-year real-estate cycle: Phillip J. Anderson - 14 years and 4 years down
  • Albert Einstein: “compound interest is the 8th wonder of the world. He who understands, earn; he who doesn’t, pay”


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