by Evonomics on tweeted about an article on What Is Money. I read the article but it was so complicated, so I refered to my own two MNEs article that I wrote here on MNEs on what is money. I wasn't contradicting the Evonomics article, I just thought my simple explanation was good enough for most people, because you can clearly see how money works. Just the same, someone tried to take me to task because they could not see how money was work in a stored form. Work gets converted to money, and money gets converted back to work. It's not physics, it's an agreement. This economist below describes exactly what I was saying. Although without the anology of stored work as money. [embedded content]https://youtu.be/ohM2oVHM2i4
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Robert Vienneau writes Austrian Capital Theory And Triple-Switching In The Corn-Tractor Model
Mike Norman writes The Accursed Tariffs — NeilW
Mike Norman writes IRS has agreed to share migrants’ tax information with ICE
Mike Norman writes Trump’s “Liberation Day”: Another PR Gag, or Global Reorientation Turning Point? — Simplicius
Evonomics on tweeted about an article on What Is Money. I read the article but it was so complicated, so I refered to my own two MNEs article that I wrote here on MNEs on what is money. I wasn't contradicting the Evonomics article, I just thought my simple explanation was good enough for most people, because you can clearly see how money works. Just the same, someone tried to take me to task because they could not see how money was work in a stored form. Work gets converted to money, and money gets converted back to work. It's not physics, it's an agreement.
This economist below describes exactly what I was saying. Although without the anology of stored work as money.
https://youtu.be/ohM2oVHM2i4