I owe you guys another MONEY CLASS, since I short-changed you earlier this week, but since it's Sunday ... Hold the appreciating money: https://stacker.news/items/738907 On my daily walks to Spanish class, I ... had two jobs: their day jobs, and their side-hustle as a money manager trying to get out of the peso ... The spheres of the real economy and the monetary economic clashed, with the money itself causing a drag ... What is money?

from money illusion and money blindness (https://aier.org/article/money-blindness-and-money-clarity/) ... everyone to become a part-time money manager. ... "Should we just go travel and blow all the money?" ... It's the right thing to do in a world of sound money. ... Right off the bat, the problem with financial (il)literacy is that a dysfunctional money system forces

Monetarists -- the traditional and dominant view of money in economics departments -- think of money ... If there is more money in the system than people desire to hold, people dispose of their money balances ... money balance that consumers wish to hold. ... Today's little money lesson. Peace, /J ... v=d7ID3fKAFQM) For fiat, money is much more leaky.

Popular culture extension of this MONEY CLASS conversation (https://stacker.news/items/737272/r/denlillaapan ... That's today's not-so-little money class, Peace /J : https://bitcoinmagazine.com/culture/bitcoin-and-gold-energy-debate ... economic questions—anyone in a market economy can relate to it, since they have to operate it every day ... Money is the conveyer belt on which production moves; it is the way in which products get circulated ... (Money as a ledger, and who's in control of it, is the core message of Lyn Alden's Broken Money, a book

No, the Fed is in no sane way "private." That's today's little money lesson. Peace, J ... One trope – especially among goldbugs, Bitcoiners and other hard-money types – is that the Federal Reserve ... dividends: EXPLICITLY to account for, and send back to the private sector, the seigniorage that befalls a money-issuing ... Does that in any way change how the SNB performs central banking functions in Switzerland? No. ... comment section of any article about the Fed anywhere and you’ll have some low-iq ACKCHYUALLY people saying

Anyway, this MONEY CLASS doesn't have much of a conclusion, except perhaps that I get to hammer home ... Time an ACH transfer for Christmas Day (oops, banks closed... #fiatmoney). ... It's actual money—our money!—in a fancy-looking card. What's not to like?! ... That's today's little money lesson Peace /J ... It's money, it's spendable, but it's a gift? Yes, nice try.

for meat and eggs and, like, firewood every day. ... between a creditor and a debtor, they were also used as a form of money, the same way as coins, to pay ... I do not doubt that you can make some money on Bitcoin this year. ... I wouldn’t even be surprised if there was money to be made longer than that.” ... Tallies Solved a Liquidity Problem for Premodern Governments Christine Desan, Making Money (2014)

This is what I wrote in a previous MONEY CLASS (https://stacker.news/items/793537/r/denlillaapan): Money ... I would urge everyone to skip the first 20 minutes—or, for the purposes of this MONEY CLASS, only watch ... Now, let's use money instead: apples sell to a worldwide market for $1, and you're paid $66 a day. ... Example: Imagine you pick 100 apples a day for an orchard farmer and he pays you 66 apples in wage—if ... (Money is a veil.)

In my MONEY CLASS a few weeks back, I ventured into the question of the “nominal and the real.” ... So, says Lewis discussing this topic, “if we strive for money, it is because money offers us the widest ... It’s a chicken-and-egg problem, where the division of labor requires money to extend itself and money ... That's today's little money lesson. ... —the cooperative the world of money really is.

and investments and all the other financial things we do every day. ... Hence “money blindness” or “money illusion.” ... The Resistance Money guys (https://aier.org/article/bitcoin-is-resistance-money/) had this observation ... off – even though, to the great disbelief and confusion of both my mother (https://aier.org/article/money-blindness-and-money-clarity ... Goods trade for goods, only with money as a temporary bridge.

inevitable zero-sum exclusivity of an airline loyalty program: If the value of extra perks like first class ... “status” programmes, which offer airlines’ best customers a few perks to ease the strains of modern-day ... Anyway, fascinating big read and great underlying theme of money demand When the money doesn’t work, ... They just miss why that is—hint: it’s the money, stupid. ... Point is: all money require some reason for consumers to hold it.

CLASS. ... Today's little money lesson. Peace, J non-paywalled here: https://archive.md/5w8oI ... https://stacker.news/items/813188/r/denlillaapan) started as a link, but the commentary exploded into a MONEY ... The problem with an unstable currency and an intransparent money (supply) is that you can't know these ... There are some nominal-real/money-illusion type things (https://stacker.news/items/737272/r/denlillaapan

That's today's massively oversized MONEY CLASS. Peace, /J ... Bitcoin as money challenges this, and the best answer I’ve seen comes from Will Luther, basically saying ... All that intrinsic value means in monetary economics is that the object used as money has nonmonetary ... money (go read up on it in case you’re not familiar with it: Wikipedia or the Mises Institute.) ... Gold, like all commodity money, is like that—which is why it comes up as a critique of bitcoin largely

That's today's little money lesson. ... “I couldn’t find anybody that went bankrupt... those who lost money in the February crash did so only ... Anne Goldgar, whose book Tulipmania: Money, Honor, and Knowledge in the Dutch Golden Age is a great take-down ... and over, and breaks past records—while it was already supposedly dead (477 times as of this writing, says ... And when a number of buyers announced they couldn’t pay the high price previously agreed upon, the market

That's today's little money class. ... When a central bank prints money and buys assets (which is the way that QE took place and new money entered ... accounting tricks to cover it up by, for instance, recording decades (or centuries') worth of future money ... Given that the assets they hold are largely government debt that will pay off at par at some future time

That's today's little money class, Peace, J ... —so good and so important that it deserves its own MONEY CLASS post. ... Well, not these days since the bonds are runing off the balance sheet gradually. ... It's almost a cop-out by now, since he teaches a class on bitcoin and writes for the Bitcoin Policy Insititute ... What the U.S. government “earns” from the Fed is, these days, nothing (Fed has suspended remittances

world switched to a better money. ... Look, money ≠ wealth. Confusing the two is a perennial problem of Bitcoiners and precoiners alike. ... book doesn't work; it's all predicated on criticized insufficient wealth by pretending that better money ... that: https://mises.org/mises-wire/monetary-systems-and-economic-outcomes-yes-they-are-related The money ... But Bitcoin's success is wrapped up with a lot of people seeing their fiat money balances dwindle to

Money printing go brrr.... ... Anyway, nice little tidbit from the history of money. That's today's little money lesson. Peace, J ... At around noon of that fateful day, the Bank raised its interest rate by 200 basis points, but the avalanche ... Think money market funds, the USDC or GeminiUSD stablecoins, or the many successful currency boards around ... A peg under threat forces the pegging institution to put its money where its mouth is, actively upholding

Money ≠ assets ≠ income. income** = the flow of earnings for a given time period, say a salary money* ... to not disastrously lose purchasing power on your money. ... The money can be busy fulfilling transaction demands or saving elsewhere. ... wealth** = the money valuation/sum total of all the goods and capital in existence. ... (Without money, your income could still be ten fish and two loafs of bread and five blankets instead

That's today's little money lesson. ... Look, I’m a money guy—I have no knowledge of law and can’t speak to the legal options for Trump to somehow ... having a budget from Congress (Fed finances itself from seigniorage, a fancy word for the profits from money ... economy/central-banking/trump-allies-federal-reserve-independence-54423c2f : https://www.britannica.com/money ... Perhaps, maybe, there’s a way to demote him, BUT, since there are no vacancies on the board for a few

That's today's little money lesson. ... it's cheap and "efficient" and doesn't have non-monetary demand that can interfere with its role as money ... surprising exogenous changes,” as monetary economist Larry White wrote in his excellent book Better Money ... Peace, J : https://www.cambridge.org/core/books/better-money/8B6D08E245653C381C9D3222028804AF : https ... long and short run, most economists — including Larry White — ultimately favor gold as the world's money