From b54139f594c403654a1b498398f3b2ec457c555a Mon Sep 17 00:00:00 2001 From: Craig Everett Date: Fri, 6 Feb 2026 18:56:33 +0900 Subject: [PATCH] Add Money --- Money.md | 13 +++++++++++++ 1 file changed, 13 insertions(+) create mode 100644 Money.md diff --git a/Money.md b/Money.md new file mode 100644 index 0000000..842fde7 --- /dev/null +++ b/Money.md @@ -0,0 +1,13 @@ +# On the Nature of Money + +![Money](../../raw/branch/master/img/Money.jpeg) + +Money has three primary uses that we care about: + +1. Medium of exchange +2. Store of value +3. Means of settlement (how a debt can be valued and later paid) + +Money is an emergent property of market systems. Money emerges in market systems any time unlike things must be exchanged. “Money” is a broad category whereas a “currency” is a specific instance of it. A currency must be liquid, easily divisible, fungible, and easy for non-experts to use. The value of a given currency is derived from a belief shared among market participants in the future value of the currency itself. + +Belief in a currency is subjective, but in strong currencies that belief is based on objective facts about the currency, its properties, and its enforcement. Further, any objective threat to a currency’s future value has an immediate impact on prices denominated in that currency, *regardless of the current money supply*. \ No newline at end of file