Monthly Archives: May 2013

What a Free Lunch Looks Like in a Barter System

This is the third part of a collection of pieces on money and debt.  Be sure to read the first part, The Meaning of Money, and the second part, Money: Power, Security, and Status. The best way to understand the … Continue reading

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Money: Power, Security, Respect

This piece is the second part of a collection of pieces on debt and money.  Be sure to read the first part, The Meaning of Money. Once money is in the hands of the individuals in an economy that exchange it–individuals … Continue reading

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The Meaning of Money

In discussions on fiscal policy, it is common to hear participants describe the economy with the word “we.”  Consider the following quote, from a prominent advocate of Modern Monetary Theory (MMT), offered in defense of increased fiscal deficits: “There is … Continue reading

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