Posted: Feb 22, 2014 12:40 am
Sure the wealth gains of history are real - due to infrastructure, technology, education and what not.
The question of 'what money is' is about as less interesting than 'what is life?' It's a definition, people can define it anyway they want. What I'm most interested in is how the different accounts - the numbers - in the banking system relate to each other. Once you know how it works you can label it up how you like and work out the implications.
The question of 'what money is' is about as less interesting than 'what is life?' It's a definition, people can define it anyway they want. What I'm most interested in is how the different accounts - the numbers - in the banking system relate to each other. Once you know how it works you can label it up how you like and work out the implications.