Money and Finance: Crash System Economics #11
So, we have been putting off a form of essential query here. What is dollars? What is currency? How are the two distinctive. Well, not to give absent too a lot, but dollars has a several essential features. It functions as a retailer of benefit, a medium of trade, and as a device of account. Money just isn’t just bills and coins. It can be just about anything that fulfills these 3 requirements. In US prisons, seemingly, pouches of Mackerel are currency. Certainly, mackerel the fish. Paper and coins do the job as dollars mainly because they are backed by the government, which is an edge around mackerel. So, after you’ve got received dollars, you want finance. We are going to converse about borrowing, lending, curiosity, and stocks and bonds. Also, this episode capabilities a giant zucchini, which Adriene grew in her garden. So that’s interesting.
Unique many thanks to Dave Hunt for authorization to use his PiPhone movie. this guy definitely did make an artisanal smartphone!
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