Traditionally in economics, money has referred to any generally accepted medium of exchange. A number of functions of money may, however, be distinguished – the major ones are a medium of exchange, a store of value, and a unit of account.
Money arose because of the inconvenience of barter and developed in stages from precious metal, to metal coinage, to paper money fractionally backed by precious metals, to fiat money, and to deposit money. Societies have shown great sophistication in developing monetary instruments to meet their needs.
Today there is debate about what constitutes money. Concentrating on the medium-of-exchange functions, money is restricted to notes, coins, and deposits subject to transfer by cheque. It is difficult, however, to separate the medium-of-change function from the function of providing a temporary store of purchasing power between the selling and the buying of goods. Any readily salable asset that has a secure capital value can be a satisfactory store.
MonaVie Sends a Second Cease & Desist On Friday afternoon, MonaVie sent Corey Whitlaw an "official-ish" Cease and Desist Order (CDO) to my Lazy Man and Money e-mail address on the basis of his use of their trademark in my metatag keywords. I had an idea that...
How Paper Money Errors Can Increase the Value of Your Collection When collecting, you will notice that there are many different things that you will need to know about the collection that you have. You will need to know about things like what makes it valuable. This includes the history of...
How to Graduate College Without Being Broke Guest Post Author Bio: This guest post was submitted by Jamie Davis, who specializes in writing about masters degree. Questions and comments can be sent to: davis.jamie17@gmail.com. There's a constant demand in the U.S. for books and tips about losing weight and...
For many years following the Great Depression of the 1930′s, the focus on economics was on recession, and the main concern of economic policy was to combat recession. The key elements of this elements were “Keynesian” fiscal policies, particularly budget deficits to boost aggregate demand and lift the economy out of recessions. Fiscal policy was regarded as the active ingredient of economic policy, whereas monetary policy was seen as playing a secondary role, attracting much less attention.
Since the early 1970′s, however, the importance attached to the money supply and to the Bank of Canada’s monetary policies has increased dramatically. This is because the most serious problem of this period has been severe inflation, associated with exceptionally rapid increases in the money supply. This has drawn critical attention to the Bank of Canada’s monetary policies, which its critics see as having caused severe inflation by allowing excessively rapid growth of the money supply. These critics are often called “monetarists,” and their theories “monetarism” – a term subject to varying interpretations. In its milder forms, it refers simply to an increased emphasis on controlling the growth of the money supply in order to restrain inflation. Its more extreme proponents insist that only excessive increases in the money supply cause inflation, that only curbs on money-supply growth can combat inflation, and that the government should never increase the money supply at rates above a specified limit.
Is CPI Manipulated? I got quite a bit of negative feedback to my post Calculate Your Personal Inflation Rate because in it I stated that inflation numbers are not, in fact, manipulated by the government. Well, that statement really upset the tin-foil-hat conspiracy...
What Do You Like About Money? What Do You Hate About It? In the personal finance blogosphere, it's pretty clear that we're all fans of money. We like it, we want it, we need it. But have you ever put into words what you like about money? And have you thought about...
Why is Moderate Inflation Desirable? Today's guest post is from OneMint. OneMint is a website dedicated to providing information on personal finance. In his speech on - Deflation - in 2002, Ben Bernanke made the reference to Milton Friedman's - "helicopter drop" of money to...
Dodging the Credit Card Punishment You may have been reading about record low interest rates on mortgages and thinking "Wow, credit is cheap right now!" You would be wrong, at least as to that ubiquitous source of lifestyle support: credit cards. The credit card issuers...
During an uncertain market, it’s understandable to be concerned about how market events could affect your investment. But it’s important to remember that market volatility is a normal part of economic cycles. It presents an opportunity to invest in stocks or other market based investment at discounted prices. If your investment portfolio is based on your risk tolerance and is properly diversified across many sectors, investment styles and geographic regions, short-term volatility will have little, if any, effect on your long-term retirement and savings goals.
It’s also important to remember that, historically, there have been various major events that had dramatic short-term impacts on the markets. Looking back, these are now mere blips on financial market radars. Generally, people who stay invested are typically rewarded in the long run.
What Is Jim Rogers Buying Now? A couple of days ago, legendary investor, commodity bull and one-time partner of George Soros, Jim Rogers, was interviewed by Betty Liu of Bloomberg's Singapore office. It seems that Jim Rogers is also of the opinion that Fannie Mae is...
10 Reasons You Should Never Short a Stock or Index Fund Short sellers are often cast as the big bad villains on Wall Street. After all, they are the all knowing, short term traders placing big money bets hoping your portfolio goes down in value while they turn a quick profit....
Increase Traffic to Blog, pt1 This is part one in a three part series dedicated to increasing traffic to your blog in a number of different ways. Now that you have your blog set up and you are beginning to post useful information in its...
The government can raise the necessary funds by borrowing them – by selling government bonds to the public, banks, insurance companies, pension funds, investment funds and other financial institutions. By doing this, the government can, in effect, “mop up” savings that are not being used for capital investment and inject them back into the spending stream as government spending.
You can do what the government won't! I am not an economist, and I don't play one on TV, but I am pretty sure that the current economic plan being laid out in congress isn't working. The primary reason we as a country are in the mess...
Mutual Fund Investing Mutual funds have risen in popularity over the last couple of years to the point where it’s tougher to look for an investor who is not using mutual funds than one who is. The popularity of mutual funds is not...
Just How Efficient is the Market? If you are a mutual fund investor, you've probably heard talk of the Efficient Markets Hypothesis (EMH, not to be confused with EMT or Emergency Medical Technician) being bandied about at one point or another. In a nutshell, EMH maintains...
How Government Spending IS Different Last week I got into a comment discussion on a post over at Rocket Finance. His post had to do with the current economic stimulus package and whether or not it was wise to spend our way out of the...
What is Google Adsense Google adsense is pay per click program from Google. Which help website owners and bloggers to earn money by displaying targeted Google ads on their website or blog. Adsense also provides Google’s search function, which helps users to search website...
How to Reach 15,000 Visits in One Month Last month, I pushed you to visit Muscle-Build.com, hoping to get past 10,000 visitors. This month, is it too much to ask to try to get to 15,000? Is it doable? Certainly. Is it likely? No. Sadly, I have to...
Fragrance X document.write(''); At FragranceX.com our goal is to provide you with the largest selection of perfume and cologne at the lowest prices. Our discount fragrance selection consists of over 9,500 brands of discount perfume, discount cologne, discount body lotion, and discount...
Increase Traffic to Blog, pt1 This is part one in a three part series dedicated to increasing traffic to your blog in a number of different ways. Now that you have your blog set up and you are beginning to post useful information in its...
Eurozone Crisis Threatens Global Economy As a breakup of the eurozone -- a once seemingly impossible scenario -- becomes increasingly likely, economists are starting to sketch out what a post-euro world would look like. Many are warning that if political leaders don't...
Online Forex Trading There are lots of investors who wish to study about online forex trading. One of the causes why currency trading is becoming more and more in demand among private investors is its usefulness. It is simple to learn about online...
How One Simple Family Mortgage is Tied Into the Global Credit Crisis For anyone that doesn't understand how the stock market crash and the credit crisis are related to the foreclosures in your neighborhood, this video might be for you. It clearly shows how one simple family based (sub prime?) mortgage was...
The Best Hours To Trade the FOREX Market If you want to earn extra cash aside from the cash you earn from your regular job or your business, maybe it's time to you to enter the financial market. One kind of financial market that made a lot of...
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