When is the last time you thought about where money comes from? Why do we even need it? What was its origin? If everything is all about the Benjamin’s, who authorized the Benjamins in the first place?
It turns out that understanding the nature of money has completely faded from public consciousness and nobody even bothers to ask the question anymore, but perhaps that was by design and we need to start educating ourselves again.
The main function of our Federal Reserve System is to regulate the supply of money, but what does that even mean? How do we define money supply? Is it just the amount of cash in our pockets or the balance listed on our online banking statements? Does it include the equity we build up in our home or the debt we rack up on our credit cards?
Or is the money supply translated simply into just purchasing power?
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