Money

The Other Way Dollars are “Made”.

How the Fed Affects the Money Supply — Post #8

Last post I covered how money is created through deposits at banks. This technique is called fractional reserve banking. As a review, banks only store some of the…

Where’s My Money?

An Intro to Banking and Monetary Policy — Post #7

Let’s say I get a job, and they pay me $100. I take it to a bank because my mom always told me it’s where we keep money safe.

The Worlds First I.O.U.

The Transition to Currency — Post #5

Humans eventually figured out that precious metals made great money. Let’s take gold as an example.

1. Gold is divisible(ish). You can slice it into pieces.

Gold, Dirt, and The Mona Lisa

The Balance Between Rare and Abundant Objects — Post #4

Why Don’t We Use Apples as Money?

The Ideal Characteristics of Money — Post #3

Because not everyone wants apples. Dollars, on the other hand, can be exchanged for almost anything. They are widely accepted as a way to buy whatever you want. You can…

This is Money.

Explaining The Use of Money — Post #2