Kevin Simler

Q: Do you know of any load-bearing analogies for the realm of central banks, inflation, employment, trade, and international monetary stuff?

Are you looking for analogies typically used in the study of these things (e.g. between countries/governments and unitary persons),

or vivid analogies to help understand them (e.g. "Shld Bill Gates grill his own burgers if he's awesome at it?" for comparative advantage)?

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)

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.