Gold is Money – in Utah
I could write more than one treatise on what is and isn’t money – and certainly many people smarter than I have tried to do this in the past. There is a lot to learn from such an exercise, but it largely remains just that – an exercise – and not something that impacts daily [...]
A Bit About Divisibility
Money, it seems, is a curious thing. Throughout human history, people have organized for themselves various methods and items through which they can exchange goods and store wealth. If we were to examine the historical development of what we conceive of as money, we would find that one of the properties that money tends to [...]
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Free Money
Today, the Federal Reserve lowered interest rates to 1%. Don’t get confused though, you can’t borrow money at 1%, just the banks. Can you imagine what you could do if you could borrow money so inexpensively? I’m sure the banks have a few ideas of their own too. But that’s the problem, isn’t it? The [...]