RE: Some interesting observations on where money is created

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Some interesting observations on where money is created

in economics •  8 years ago 

No such thing as objective value. Money is just the most marketable commodity. Other than that, good post.

economics
8 years ago by

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      ·  8 years ago (edited)

    Money here in the US and most other '1st world' countries quit being a commodity when we left the gold standard. You can't call something that you can make as much as you want of a commodity. Artificially scarce, but not a commodity.

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        ·  8 years ago 

      Thanks, I guess I meant "tangible" more than objective. I'll fix that :-)

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