Skillabration Podcast

Les mer Skillabration Podcast

On the Skillabration Podcast it’s career day, everyday! Your host, Nikki Lubing, is the owner of Skillabration, an online foreign language school for K-12 homeschool students. Her experience learning Spanish as a second language led her to building a variety of skills that set her up for life, from soft skills to financial literacy. It’s her mission to provide those same skills to youth around the world through the Skillabration Podcast. We'll be interviewing guests from a variety of backgrounds and careers, ranging from teachers to business owners and blue collar workers. We're excited to uncover their wisdom and experiences, whether it's mastering a new language, honing leadership abilities, or learning the ins and outs of money, we're here to take your skills from zero to fuego!

Homeschool Financial Literacy Curriculum - Money, Central Banking and Inflation

In Season 2, Episode 2 of the Skillabration Podcast, Nikki reviews what money is and explains how money is a form of expression, which ultimately leads to financial freedom. As the lesson progresses, students will learn about the history of central banking in the US and the effect monetary policy has on inflation. Buckle up! This is quite the lecture. Grab the curriculum here: https://www.teacherspayteachers.com/Product/US-Monetary-Policy-and-How-It-Affects-Financial-Freedom-Homeschool-Curriculum-12494825 Grab the Financial Literacy Bundle Here: https://www.teacherspayteachers.com/Product/Homeschool-Financial-Literacy-Curriculum-12529441 Time Stamps 00:00 - Introduction 01:12 - Disclaimer to Parents 2:04 - Lesson Overview 2:52 - Recap of Lesson 1 3:35 - Warm-up Questions 4:14 - Money Is a Form of Expression 6:16 - How do people view money? 7:38 - Abraham Maslow - Hierarchy of Needs 9:08 - Envision your Future 9:44 - Money as Expression 12:02 - The Middle Class Is Shrinking 14:28 - Inflation 16:02 - Wages and Inflation 16:37 - Case Study: Americans' pay hasn't fully recovered from inflation. Will it ever? 21:27 - How Our Current System Hinders Us 22:42 - How can you attain the American Dream with this type of monetary policy? 23:10 - What's causing inflation? 24:13 - Inflation and Doing Good Research 24:28 - Central Banking 26:13 - Iterations of Central Banking 29:52 - Preparing for a Central Bank 30:46 - The Federal Reserve 1913-Present 31:48 - The Federal Government and The Federal Reserve 32:27 - My Research Findings 33:12 - Central Banking, Monetary Policy, and Economics 33:44 - What is quantitative easing? 37:23 - Don't trust the first answer Google gives you 37:40 - Connection Between Money Printing and Inflation 38:08 - Does Keynesian economics require money printing? 38:59 - Is quantitative easing printing money? 39:17 - My Research Findings Part 2 40:07 - Central Banking, Monetary Policy, and Economics Continued 40:17 - Is QE printing money? 43:13 - What happens with quantitative easing? 44:58 - Quantitative Tightening 45:18 - Summary/Conclusion 45:51 - What is one to do? 46:03 - Recipe for Success 48:08 - What will we be discussing next in Season 2 of the Skillabration Podcast? Resources The Hidden Cost of Money by Seb Bunney https://amzn.to/4029Ffj How 10 Influential Economists Changed America’s History, Investopedia https://www.investopedia.com/articles/07/economists.asp Economic Research: A QE Q&A: Everything You Ever Wanted To Know About Quantitative Easing Chief Global Economist and Head of Global Economics & Research: Paul J Sheard, New York https://www.hks.harvard.edu/sites/default/files/centers/mrcbg/files/PSheardQEQAAugust2014.pdf History of the Federal Reserve https://www.minneapolisfed.org/about-us/our-history/history-of-central-banking What Causes Inflation & Price Increases? https://www.investopedia.com/ask/answers/111314/what-causes-inflation-and-does-anyone-gain-it.asp What is Quantitative Easing? https://www.investopedia.com/terms/q/quantitative-easing.asp Study: American pay hasn’t fully recovered from inflation. Will it ever? https://www.bankrate.com/banking/federal-reserve/wage-to-inflation-index/?tpt=b Inflation vs. wages: How rising prices stack up against growing pay https://www.nbcnews.com/business/economy/inflation-higher-biden-rising-pay-makes-rcna158569 Both Sides of the Ledger: Wage Growth Beating Price Growth Now for 15 Months in a Row https://www.whitehouse.gov/cea/written-materials/2024/06/12/both-sides-of-the-ledger-wage-growth-beating-price-growth-now-for-15-months-in-a-row/ Measuring Inflation Correctly with Peter St. Onge, PhD. https://x.com/profstonge/status/1846891411737596010

17. nov. 2024 - 50 min