Date: 2024-08-16 Page is: DBtxt003.php txt00026222 | |||||||||
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TVM WEBSITE MAINTENANCE
SOME CODE ... HOW MONEY WORKS Some code re: HOW MONEY WORKS extracted early February 2024 Original article: Peter Burgess COMMENTARY Peter Burgess | |||||||||
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Understanding how MONEY works
Understanding money and liquidity is very important ... more | ||
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Modern MONEY is a mess
Economic theory has it that money is an economic measure, a store of value and a medium of exchange. The US dollar has does none of these things well. See how the purchasing power of the US dollar has declined during the 20th century! It is amazing that there is any trust whatsoever in this system of currency ... but there is ... for now ... See HOW MONEY WORKS ... here | |
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MONEY SUPPLY GROWTH: 1970-2008
Most of the population works with M0 (money in circulation) and M1 (M0 + demand deposits) which have grown substantially. The financial institutions work with M3 which has grown even more in the period since 1970. | |