Great exploration of what money is and what it requires to remain viable. The piece covers such topics as:
- The original philosophical difference
- Does money need political backing?
- Money as a common good
- Money as an information system
- Differentiating between money and credit
- The costs of money
- The external price for money—or the exchange rate
- Money in a non-democratic society
- The gold standard
- Continue reading What is Money? There’s more to it than meets the eye. From GK Research via David Hay over at Evergreen Capital Mgt.