Imagine a simple scenario. Producer A meets Person B, who offers an item called “money” in exchange for A’s bread. At first glance, everything seems fair and straightforward. The item works as a medium of exchange, facilitating the trade between A and B. For simplicity, let’s define money this way, as most economists do: an […]
economics
Really, what is money?
Apparently, it is illegal to destroy a bank note. I didn’t know that when I and a friend ripped two 50€ notes and threw them into the sea. I was just testing that I could do it, because otherwise — I thought to myself — there is a chance that I am psychologically enslaved to money, and I really […]