Tag «economics»

Musings of a Male of European Descent

I realize this article by Fred Reed is somewhat harsh and makes some points based on generalizations. As with statistical samples, generalizations and stereotypes say absolutely nothing about a single individual, but where and when some truth lies buried in generalizations and stereotypes it shouldn’t be dismissed out of hand, especially when it is directly …

What the H*ll is Money, Anyway? Part 2

Let’s back up a little from last week’s article and get back to the definition and history of money. The most basic definition of money is a medium of exchange and a store of value. Before money was barter: You have something I want; I have something you want, and so we exchange. But the …