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What Do You Think Money Is?

Summary by Liberal Currents

They say that Elon Musk has enough and couldn't care for more.But what's wealth, what's money?Wealth, or the measure of it, is how much money you can turn your stuff into.Money is the form of wealth that you need when you are ready to spend, or as economists say, ready to demand.Economists talk about the total of all spending on what we produce being “aggregate” demand. It amounts to control over all the goods and services we put up for sale.Con…

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Liberal Currents

What Do You Think Money Is?

They say that Elon Musk has enough and couldn't care for more.But what's wealth, what's money?Wealth, or the measure of it, is how much money you can turn your stuff into.Money is the form of wealth that you need when you are ready to spend, or as economists say, ready to demand.Economists talk about the total of all spending on what we produce being “aggregate” demand. It amounts to control over all the goods and services we put up for sale.Con…

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Liberal Currents broke the news in 2 days ago on Saturday, February 22, 2025.

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