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돈(Money) 2015.12.04해당카페글 미리보기
these functions can be considered money. Money is historically an emergent market phenomenon establishing a commodity money, but nearly all contemporary money systems are based on fiat money.[4] Fiat money, like any check or note of debt...
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The Uneconomics guide to money creation 2012.02.29해당카페글 미리보기
economics. More critically, no account is made of how money comes into being. Finally, we no longer even use commodity money. Our modern banknotes and digital account balances are fiat currency (from the Latin, ‘let it be done’), their...
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Commodity market headline (9th of May) 2014.05.09해당카페글 미리보기
Source: Bloomberg Commodity funds down in first quarter, even as energy markets rally Two-thirds of commodity hedge funds lost money in the first quarter, extending last year's dismal run, possibly because they bet against higher crop...
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The Value of Money 2013.04.06해당카페글 미리보기
standard but more accurately as an oil-dollar standard. The world may have, to all appearances, done away with commodity money with the delinking of dollar from gold. But the crux of the argument of this book is that it can never do so...
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07/17) Exposing the story of money and usury 2014.06.25해당카페글 미리보기
profit is an important factor, the central dynamic of capitalism is that interest instantaneously makes money a commodity (capital), which in turn is inflated at a compounded rate, thus devaluing labor proportionally. In other words, in...
