Lesson 2

Run Time - 17 Minutes

Chapter 4

Compounding is the Problem

Compounding is the first key concept of the Crash Course – get a clear, intuitive illustration of what it is and the power that it holds.

Chapter 5

Growth vs Prosperity

We often end up pursuing growth when we really want to secure prosperity.  Unlike prosperity, growth is dependent on constant surplus and continual expansion.  Learn about the difference between growth and prosperity and why economic growth is not a sustainable or desirable outcome for all.

Chapter 6

What Is Money?

Money is so familiar that we assume a common understanding of what it is as a means of exchange.  But what exactly is a U.S. dollar?  Money systems all have pros and cons, and ours is built around a fiat currency, which does not hold value over time and actually allows money to be created out of thin air.  In this chapter, explore the important perspective of money being a claim on human labor and a social contract.