Let's start with a really simple question, as is often necessary when dealing with complex topics.
What is the definition of the "US Dollar"?
What is money?
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Libertarian666
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Pointedstick
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Re: What is money?
Money is a social construct with many uses: a medium of exchange, a unit of account, and a store of value. Various forms of money have been better or worse for some of these uses over time. For example our current mostly electronic fiat money is better than historically average as a medium of exchange due to its liquidity and how easy it is to make purchases using instruments such as debit cards and online shopping, but it's worse than average as a store of value due to an inflationary monetary system and a zero interest rate on cash deposits. You win some, you lose some.
Human behavior is economic behavior. The particulars may vary, but competition for limited resources remains a constant.
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MachineGhost
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Re: What is money?
Money is always a medium of exchange and nothing else. Otherwise there would be no need to invest.
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!