Money as Debt. Paul Grignon's 47-minute animated presentation of "Money as Debt" tells in very simple graphic terms what money is and how it is created.
Freaks and Geeks keeping it real. [TNR login=metafilter pwd=metafilter] In late March, New Republic columnist Noam Scheiber posted an article strongly criticizing, among other things, Chicago Economics Professor Steve Levitt's "cute and clever" approach to the dismal science, now famously known as Freakonomics. Levitt replied last week with a post of his own. And now, Scheiber has appears to want some more of this.