The Macrocompass – Monetary Mechanics Course with High-Speed Links

Alf’s Monetary Mechanics Course

Alf’s Monetary Mechanics Course unpacks the entire monetary system in easy-to-follow, step-by-step lessons so that you can truly understand how money works!

Lesson 1: “Liquidity”, The First Tier of Money

“Liquidity” is a term you’ve probably heard thousands of times. In this lesson, we analyze Central Bank balance sheets, define liquidity, who prints it, how it works, and its impact on markets and the economy!

Lesson 2: “Real-Economy Money”, The Second Tier of Money

Money printing generates inflation, right? But who prints the inflationary, real-economy money? Lesson 2 will walk you through the process of real-economy money printing: who prints it, how, and what the macro consequences and market impacts are of different forms of inflationary money printing.

Lesson 3: “Monetary Plumbing”

You may have heard terms like Reverse Repo, Treasury General Account, Bank Term Funding Program but never fully understood them. This lesson dives deep into all monetary plumbing operations so you’ll never be confused when hearing these terms again.

Course Recap

A quick recap of the most important concepts you’ve learned in the TMC – Monetary Mechanics Course.