The Basics

The articles below will provide you with a solid understanding of the basics of federal spending in an easy to understand language. They cover everything from what a US Dollar is, what US paper currency (cash) is, where the US Dollar comes from, federal taxation, federal deficit spending, budget surpluses, the Sectoral Balances equation, an overview of basic banking operations, and the US national debt.

Introductory Series: The Monetary System – US Currency Part 1

Introductory Series: The Monetary System – US Currency Part 2

Introductory Series: The Monetary System – US Currency Part 3

Introductory Series: The Monetary System – US Paper Currency

Bank Lending – A Short Primer