by Summary:
As a related matter, never say “give me all of your money” when mugging an economist: “So, like, do you mean only M1 or do I need to hand over M2 as well? Are you only counting items officially recognized as currency or are you demanding all items that could function as money? Technically speaking, fiat money has no intrinsic value so is there any chance I can convince you that this is not worth your time?” You can also see the post on the original site here.
Topics:
Jodi Beggs considers the following as important: Economics, money, Money Supply, saturday morning breakfast cereal
This could be interesting, too:
As a related matter, never say “give me all of your money” when mugging an economist: “So, like, do you mean only M1 or do I need to hand over M2 as well? Are you only counting items officially recognized as currency or are you demanding all items that could function as money? Technically speaking, fiat money has no intrinsic value so is there any chance I can convince you that this is not worth your time?” You can also see the post on the original site here.
Topics:
Jodi Beggs considers the following as important: Economics, money, Money Supply, saturday morning breakfast cereal
This could be interesting, too:
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As a related matter, never say “give me all of your money” when mugging an economist: “So, like, do you mean only M1 or do I need to hand over M2 as well? Are you only counting items officially recognized as currency or are you demanding all items that could function as money? Technically speaking, fiat money has no intrinsic value so is there any chance I can convince you that this is not worth your time?”
You can also see the post on the original site here.