Hey, Where'd the Money Go?
MF Global traces its roots back over two centuries, starting as a sugar trading business in 1783, slowly expanding the range of its activities, but staying within the market of agricultural commodities for almost two centuries. In the late 1970s, they discovered the much more profitable area of futures trading, where they rapidly expanded their business....
Related News
Xapo CEO and founder Wences Casares explains the history of money in a Big Think video about Bitcoin. His explanation of the history of money is below. “Bitcoin is a new digital currency that is perhaps the best form of money that we have ever seen. It’s important because most of us don’t understand money very well and perhaps the concept that is harder for us to understand is that money is and has always been a ledger. …the best way to understand money is to understand the history of money.
Now, When I start to discuss money, what I refer to like most people, is fiat money. The first question to ask should really be: What is money, and more to the point, what isn't money? There are several accepted definitions of what constitutes money. I'm going for a simple one: "Money is any object or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or in a particular socio-economic context." So, Money is a good that acts as a medium of exchange in transactions, it is simply a facilitator of trade. Money, at its....
We all know that money printer go brrr. But how does the fiat money supply really get increased and what does this mean for our economy? The post How Money Printing Really Works appeared first on Bitcoin Magazine.
The way we traditionally perceive money is, at its root, misguided, as money is what allows humans to experience value.
In a year when the popular narrative says money printing went crazy, the host of “Making Sense/Eurodollar University” says the problem is actually too little money.