Tuesday, September 30, 2008

What is Money?

In trying to wrap my head around the financial crisis I stumbled on this series of YouTube videos that describe exactly what money is. (It’s basically debt…) It’s a bit pedantic and school-house rock-ey, but I was pretty fuzzy about what exactly money represented post-gold standard and this address that question:
http://video.google.com/videoplay?docid=-9050474362583451279

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