Southern Oregon University
OSHER LIFELONG LEARNING INSTITUTE
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Where does government money come from — and where does it go? This six-class course challenges the most common myth in economic life: that the federal government runs like a household budget. Starting from first principles, we will explore what fiat currency actually is, how money is created, and what separates a currency issuer (the federal government) from a currency user (everyone else). We will unpack the national “debt,” inflation, sectoral balances and the role of taxes in funding federal spending. Along the way we’ll screen “Finding the Money,” Stephanie Kelton’s documentary on modern monetary theory. No economics background is required — just curiosity and a willingness to question what you’ve been told.
Hot News & Cool Views is an open discussion forum to explore and discuss each week’s breaking news, from Oregon to around the globe. All views and opinions are not only welcome but essential for lively discussion in the group. We cover a wide range of topics, including politics, climate change, technology and medicine. An agenda with articles to read will be sent to you prior to each class. Students are encouraged to send in topics and news articles to add to each week’s agenda. Please join us for a sizzling hot journey around the world with our fast, fun and sometimes controversial class, whose success is largely a product of the wisdom, knowledge and experience of our great group. Many people take our class again because it’s better than a strong cup of coffee to get your week going!
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