Deep down, I’m always surprised when I can give someone a dollar and I get something back. Money — paper or plastic — doesn’t really seem like it should be worth anything. We’re all in on this giant unspoken conspiracy to agree that money will continue working and that we can exchange it.
But while we all do a good job of playing along, I spend a fair amount of time thinking about why the concept of money works. I read an interview with economist Neil Wallace that provides a little insight.
The Memory of Money in the Modern Age
Posted by thursdayb under FinanceFrom http://www.thursdaybram.com 3741 days ago
Made Hot by: LimeWood on January 21, 2014 10:26 pm
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3740 days ago
I will continue to fight for a second Renaissance! In the meantime, I will be stacking real money, i.e., silver coins.