day of consumption. ... Hold the appreciating money: https://stacker.news/items/738907 On my daily walks to Spanish class, I ... I owe you guys another MONEY CLASS, since I short-changed you earlier this week, but since it's Sunday ... The spheres of the real economy and the monetary economic clashed, with the money itself causing a drag ... It was the beginning of my interest in money and, by extension, bitcoin.

And instead of picking the most obvious fix for that — neutral, unstoppable, freedom money — you're trying ... I just don't know how Relevant memes for the day, then: Peace out, frens. ... We need to unload the AIG and Countrywide positions to afford the premiums on [the rest of the mortgage ... This is not what a new, revolutionary money LOOKS LIKE What @realBitcoinDog loves to tell me during moments ... ECB; 13 of the 20 countries using the euro do not have national card-payment systems."

given stock of bitcoin as a share of the economy adjust to the real money demand. ... Monetarists -- the traditional and dominant view of money in economics departments -- think of money ... We increase consumption until the existing stock of money as a share of the economy becomes the real ... The same unit of money can be used sequentially for many transactions; the process of handing sats over ... While the Fed unilaterly controls the nominal quantity of (base) money in the economy, the public decides

It's the right thing to do in a world of sound money. ... Bitcoin is the obvious answer, of course, but it takes some enormous modicum of hours to be comfortable ... Right off the bat, the problem with financial (il)literacy is that a dysfunctional money system forces ... "Should we just go travel and blow all the money?" ... They don't do this with any form of financial plan in mind, but follow what the incentives tell them

No, the Fed is in no sane way "private." That's today's little money lesson. Peace, J ... private sector, the seigniorage that befalls a money-issuing entity like the SNB. government, not shareholders ... One trope – especially among goldbugs, Bitcoiners and other hard-money types – is that the Federal Reserve ... As a condition of membership of the federal reserve system (basically, to be a bank in the U.S.) you ... of the federal reserve banks and end up ruling the world.

Anyway, this MONEY CLASS doesn't have much of a conclusion, except perhaps that I get to hammer home ... clunky form of money since I can only spend it in one store! ... Time an ACH transfer for Christmas Day (oops, banks closed... #fiatmoney). ... front of the mirror, and then sometime in the after-dinner lull, perhaps the moment presents itself ... He always seems to suggest that money is the best gift; it keeps intact the gift-giving such that you

at the end of the month (year, really), but have to pay for meat and eggs and, like, firewood every day ... county, the time of year when the money can be repaid, and the year. ... as a form of money, the same way as coins, to pay wages and buy and sell items circulated between people ... were a form of contract for an amount of money between a creditor and a debtor, they were also used ... enough of the bitcoin price rally.

a MONEY CLASS. ... old guard making a return, and the most aggressively positive money promise out of Argentina (ditch ... With good institutions (of which the money certainly is one portion https://stacker.news/items/793537 ... prevent companies and individuals from moving money freely out of Argentina. ... The problem with an unstable currency and an intransparent money (supply) is that you can't know these

strains of modern-day air travel, from lounge access to chauffeur-driven cars. ... perks like first class or better service or lounges are what's driving adoption, then the more people ... Anyway, fascinating big read and great underlying theme of money demand When the money doesn’t work, ... The structure of an airline shitcoin is a simple money-now-for-possible-benefits-later trade: it seems ... put differently, it's the age-old story of monetary economics: MONEY DEMAND Pull up any shitcoin whitepaper

Popular culture extension of this MONEY CLASS conversation (https://stacker.news/items/737272/r/denlillaapan ... can relate to it, since they have to operate it every day. ... That's today's not-so-little money class, Peace /J : https://bitcoinmagazine.com/culture/bitcoin-and-gold-energy-debate ... (Money as a ledger, and who's in control of it, is the core message of Lyn Alden's Broken Money, a book ... Cue most academic conversations about money up and down the centuries: the cost of its production, the

That's today's massively oversized MONEY CLASS. Peace, /J ... Gold, like all commodity money, is like that—which is why it comes up as a critique of bitcoin largely ... 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.) ... plaything for cryptographers anno 2009 is all a fledgling money needs to pass the Regression Theorem,

Also congrats, @Undisciplined, you and @byzantine resurrected the MONEY CLASS series Markets are not ... That's today's little money lesson. Peace, /J ... part of those who think they know better than the sum total of market participants (i.e., "prices"). ... The hubris there, once you dig down into it, is Hayek’s The Fatal Conceit, the lack of humility on the ... Guesses can be wrong, of course. But that's beside the point.

In my MONEY CLASS a few weeks back, I ventured into the question of the “nominal and the real.” ... —the cooperative the world of money really is. ... It’s a chicken-and-egg problem, where the division of labor requires money to extend itself and money ... And yet, money—most obviously in the case of bitcoin, consisting entirely of digital numbers in cyberspace ... It’s all made possible by the human technology of cooperation that is money—even as trashy ones as the

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 ... The story of tulipmania is turtles on top of turtles on top of... nothing at all. ... Hundreds of pages of the financial intricacies of Netherlands’ history feature a single sentence about

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 ... money printing profits in an asset on the balance sheet. ... Now, the flip side of the “realized profits” from back then revealed itself. ... for the liquidity of the market and/or banks' and pension funds' required asset holding.)

The full piece is well worth your time. That's today's little money class, Peace, J ... —so good and so important that it deserves its own MONEY CLASS post. ... maintaining the confidence of most people using your money. ... It's almost a cop-out by now, since he teaches a class on bitcoin and writes for the Bitcoin Policy Insititute ... for quick funds in a pinch: “the story of the state monopoly over money is a political economy story

and investments and all the other financial things we do every day. ... the middle of the night, not all will be serviced. ... my mother (https://aier.org/article/money-blindness-and-money-clarity/ ) and my girlfriend, the numbers ... The Resistance Money guys (https://aier.org/article/bitcoin-is-resistance-money/) had this observation ... money into real goods and move them into the disaster area.)

I would urge everyone to skip the first 20 minutes—or, for the purposes of this MONEY CLASS, only watch ... This is what I wrote in a previous MONEY CLASS (https://stacker.news/items/793537/r/denlillaapan): Money ... Now, let's use money instead: apples sell to a worldwide market for $1, and you're paid $66 a day. ... of the permanent money supply. ... Seb Bunney, the author of The Hidden Cost of Money, showed up with his standard quips, conflating the

money itself can of course be more or less conducive to making the economy work better. ... Look, money ≠ wealth. Confusing the two is a perennial problem of Bitcoiners and precoiners alike. ... But Bitcoin's success is wrapped up with a lot of people seeing their fiat money balances dwindle to ... , most brutally put by Knut Svanholm and Luke de Wolf in their new book, Bitcoin: The Inverse of Clown ... In no way does every human being magically get to spend tons of times with their kids just because the

Look, I’m a money guy—I have no knowledge of law and can’t speak to the legal options for Trump to somehow ... That's today's little money lesson. ... Another well-known Fed independence lore is LBJ in the 1960s, who had the then-Chair of the Fed, William ... more years, Trump would have to nominate a chair from one of the current board members—achieving the ... familiar with the matter said, though Powell would likely remain on the Fed’s board of governors.“

Money ≠ assets ≠ income. income** = the flow of earnings for a given time period, say a salary money* ... wealth** = the money valuation/sum total of all the goods and capital in existence. ... Maynard Keynes, saying the same thing in The General Theory: “the importance of money essentially flows ... With higher velocity, the same amount of money "goes further," economically speaking, by supporting and ... for the size of the bridge than the number of cars or houses or trucks in the region.