diff --git a/Money.md b/Money.md index 7bba295..4df851c 100644 --- a/Money.md +++ b/Money.md @@ -10,4 +10,4 @@ Money has three primary uses that we care about: 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 +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