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- Herausgeber: Books on Demand
- Kategorie: Fachliteratur
- Sprache: Englisch
After the financial crisis is before the financial crisis - or not? The book "Money - what is it anyway?" was written as a lecture script for teenagers and young adults, but also offers an insightful glimpse into the subject for all age groups. The goal is to provide an easy introduction to the monetary and financial system as well as to invite critical scrutiny. The topics: - Money as a medium of exchange - Money as a means of preserving value - Debt money system - investment - money creation - book money - loan - compound interest - inflation - redistribution - economic growth - consumption of resources - sustainability - money supply - financial bubbles
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Seitenzahl: 14
Veröffentlichungsjahr: 2023
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Table of Contents
Money - what is it anyway?
Bad idea!
Also a bad idea!
What is this, a loan or a credit?
Not quite.
To summarize
It gets even better
What does this mean?
This raises a lot of questions, doesn't it?
What we need
Money - what is it anyway?
First of all: money is a
medium of exchange.
For example, let's say that
someone has a chicken ...
... and trades it for
something else, ...
... like a chair.
But, as a currency a chicken
has a few disadvantages.
1) Not everyone needs a chicken.
Maybe the person with the chair would rather have a cow.
2) A chicken isn't practical to transport - it doesn't fit into a wallet ...
3) It's difficult to divide it into smaller units.
4) And there are many ways it can lose value.
So people invented a neutral
medium of exchange:
Money!
Which can be traded for
anything nowadays:
Goods
Services
“Values“ such as raw materials or real estate
In other words: If you have
money, you are entitled to
trade it for something else.
But you could also say:
Someone owes you the
value that money represents.
Otherwise money wouldn't be
worth anything.
A banknote is therefore
a kind of borrower's
note.
But what happens if no one
wants to exchange it for
anything?
Then the banknote is nothing
more than a colorful
piece of paper and
therefore worthless.
Money is also trust!
Now we know money as a
medium of exchange.
But money also has another
function: It serves as a means
of preserving value!
What does this mean?
It means:
