Fundamentals of Money !!
Fundamentals of Money !!Money — sharonmccutcheonBy definition Money is nothing but “Medium of exchange”. If money is just the Medium of exchange why some people can print it as much as they want and can inflate the value of it.What’s going on flocks! Let’s get into more details. If we print more money, prices will rise such that we’re no better off than we were before. To see why, we’ll suppose this isn’t true, and that prices will not increase much when we drastically increase the money supply. Consider the case of the United States. Let’s suppose the United States decides to increase the money supply by mailing every man, woman, and child an envelope full of money. What would people do with that money? Some of that money will be saved, some might go toward paying off debt like (...)