Last week TED-Ed released a new video lesson titled Why can’t governments print unlimited amounts of money? The purpose of the video is to explain how governments, especially the United States federal government, have been able to spend billions of dollars on COVID-19 economic aid programs over the past year. The video explains the role of central banks in controlling the money supply and the concepts of inflation and quantitative easing. There is also an explanation of government bonds, why they are sold and who buys them. Overall, this is a solid video for middle school or high school kids.
Why can’t governments print unlimited amounts of money? is the latest of many money and economics videos TED-Ed has released over the years. A couple who agree with the last video understand What gives a dollar bill its value?, What are the causes of economic bubbles?, and What are the causes of an economic recession?
Applications for education
Before showing either Why can’t governments print unlimited amounts of money? or What gives a dollar bill its value? I would ask students to think about certain products they buy and what contributes to the price and / or price increases of those products.
All videos are suitable as introductions to more important lessons. To this end, I can ask the students to watch the videos in EDpuzzle where they can answer a few questions about the videos as homework.
Here is an overview of how to create an assignment in EDpuzzle.