Q: Do you know of any load-bearing analogies for the realm of central banks, inflation, employment, trade, and international monetary stuff?
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Or maybe I should say – are you interested in the sociology or the pedagogy of economics?
I have comparative advantage down pat... it's more of the monetary stuff that kills me every time I try to learn about it (which is my goal)
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One I teach is that pegging a currency is exactly the same as issuing deposits. Promise to buy & sell any quantity at a fixed rate.
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The pyramid metaphor is also quite helpful: http://ieor.columbia.edu/files/seasdepts/industrial-engineering-operations-research/pdf-files/Mehrling_P_FESeminar_Sp12-02.pdf …
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